Indian Economy Questions

A bank statement provided by the bank includes

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

In which of the following types of economy are the factors of production owned individually?

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

­ Inflation exists when

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.

‘Capital gains’ refers to goods which