TR = __________

(a)

P + Q

(b)

P - Q

(c)

P \(\div \) Q

(d)

P x Q

A final shape to the 'Indifference Curve Analysis' was given by ______

(a)

J.M. Keynes

(b)

Friedman

(c)

J.R.Hicks

(d)

Carlyle

The long run production is analysed by using two concept _____________ and ______________

(a)

Iso quant Return to scale

(b)

Decreasing and Increasing return to scale

(c)

Increasing and Diminishing returns

(d)

None of these

Fixed cost is also called as _____.

(a)

Supplementary Cost

(b)

Overhead Cost

(c)

Both 'a' and 'b'

(d)

None of these

The imperfect competition was propounded in America by ___________

(a)

Mrs. Joan Robinson

(b)

E.H. Chamberlin

(c)

Marshall

(d)

Both 'a' and 'b'

"Perfect competition prevails when the demand for the output of each producer is perfectly elastic" says__________________.

(a)

Joan Robinson

(b)

Edward Chamberlin

(c)

John Maynard Keynes

(d)

Prof. Clark

The Distribution of national income among the individuals

(a)

Personal

(b)

Functional

(c)

Both

(d)

Per capital Income

Innovation theory of profits was given by_____________.

(a)

Taussig

(b)

Schumpeter

(c)

Clark

(d)

Knight

"Interrelation between investment, income and multiplier in an under developed economy" was introduced in _____

(a)

1950

(b)

1951

(c)

1952

(d)

1953

Which year is known as 'Year of Great Divide'?

(a)

1911

(b)

1921

(c)

1951

(d)

1961