Economics Question for Today:- Suppose the technology for producing personal computers improves and, at the same time, individuals discover new uses for personal computers so that there is greater utilisation of personal computers. Which of the following will happen to equilibrium price and equilibrium quantity?
The marginal utility from last unit consumed of commodity Y = 50 Units and MUm = 10. The consumer is in equilibrium and consuming commodity y only. Find the Price of Commodity Y—
Anonymous Quiz
70%
(a) 5
15%
(b) 10
12%
(c) 40
2%
(d) None of these
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Dedicated to all those Tax students who had class with me today on Sunday😃
Dedicated to all those Tax students who had class with me today on Sunday😃
Forwarded from CA Foundation Knowledge Portal
https://www.instagram.com/reel/C7-66YOJYHC/?igsh=MW55ZTZpcTZ2N3R0cA==
Dedicated to all those Tax students who had class with me today on Sunday😃
Dedicated to all those Tax students who had class with me today on Sunday😃
A rise in sale of which type of good is expected in the case of recession
Anonymous Quiz
11%
(a) Luxury
38%
(b) Necessity
45%
(c) Inferior
6%
(d) Normal
From the following demand curve determine the elasticity at the given price Q = 1200 – 10P When P = 5, dQ/dP = 10
Anonymous Quiz
36%
(a) Elastic
46%
(b) Inelastic
17%
(c) Unitary elastic
1%
(d) None of these
Marks of a student is an example of
Anonymous Quiz
13%
(a) An attribute
56%
(b) A discrete variable
15%
(c) A continuous variable
16%
(d) (a) or (c)
Methods that are employed for the collection of primary data
Anonymous Quiz
17%
(a) Interview method
8%
(b) Questionnaire method
4%
(c) Observation method
71%
(d) All of these
When the demand curve is a rectangular hyperbola an increase in the price of the commodity causes the total expenditure of consumers of the commodity to:
Anonymous Quiz
48%
(a) Remain unchanged
30%
(b) Increase
18%
(c) Decrease
4%
(d) Any of the above
‘No matter what the price of coffee is, Ram always spend a total of exactly 100 per week on coffee.’ The statement implies that;
Anonymous Quiz
47%
(a) Ram is very fond coffee and therefore he has an inelastic demand for coffee
16%
(b) Ram has elastic demand for coffee
11%
(c) Ram’s demand for coffee is relatively less elastic
25%
(d) Ram’s demand for coffee is unit elastic
Which method of data collection covers the widest area?
Anonymous Quiz
25%
(a) Telephone interview method
51%
(b) Mailed questionnaire method
6%
(c) Direct interview method
19%
(d) All these
Demand for water is –
Anonymous Quiz
20%
(a) Elastic
61%
(b) Inelastic
14%
(c) Perfectly elastic
6%
(d) Relatively elastic
The supply curve shifts to the right because of-
Anonymous Quiz
33%
(a) Improved technology
12%
(b) Increased price of factors of production
4%
(c) Increased excise duty
51%
(d) All of the above
Multiple line chart is applied for
Anonymous Quiz
12%
(a) Showing multiple charts
57%
(b) Two or more related time series when the variables are expressed in the same unit
26%
(c) Two or more related time series when the variables are expressed in different unit
5%
(d) Multiple variations in the time series
Method of measuring Price Ed between two points is ______ and at particular point is_________
Anonymous Quiz
58%
(a) Arc, Point
23%
(b) Point, Arc
15%
(c) Arc, Total outlay
4%
(d) Total outlay, Arc
The reason of right ward shiftment of demand curve
Anonymous Quiz
11%
(a) Fall in the price of complement
15%
(b) An increase in the Number of Buyers
13%
(c) Rise in the price of substitute goods
62%
(d) All of the above.