Indian Economy Questions

In which market form, a market or an industry is dominated by a single seller?

A hand made paper workshop can hire 8 craftsmen by paying them Rs 400 per person per day. The 9th craftsman demands Rs 450 per day. If this craftsman is hired then all other craftsmen must be paid Rs 450. The marginal resource (labour) cost of the 9th craftsman is

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

The average variable cost curve is ____ shaped.

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

In a cut motion, when the amount of demand is reduced by Rs 100/­ , it is known as