Indian Economy Questions

For each perfectly competitive firm in the long run

Bilateral monopoly situation is

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

Which of the following is considered a "diversified" investment?

Demand is said to be elastic when the

Stagflation is defined as

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.