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Q. The proportion between incremental income and incremental consumption is called:

Q. The law of Diminishing returns is applicable to:

Q. If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is:

Q. According to Keynes, investment is a function of:

Q. The ‘point of inflection’ come in which stage of the law of variable proportions

Q. Increase in real National Income (NI) means increase in:

Q. If a positively sloped linear supply curve passes through the origin, the elasticity of supply is

Q. Consumption expenditure directly varies with:

Q. Partial equilibrium analysis come under:

Q. Cost function relates cost to