A) input price changes |
B) the firm employs more of any input |
C) the firm increases its level of output |
D) the relevant technology changes |
A) input price changes |
1). If the average total cost is declining then :
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2). In a perfectly competitive economy production and consumption will both be Pareto optimal, if the economy operates at a point where :
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3). The average fixed cost curve will always
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4). The income elasticity of demand for inferior goods is:
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5). The main functioning of the banking system is to :
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6). Statement I : Typical laterite soils in India are generally fertile. Statement II : Laterite soils generally experience leaching.
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7). Statement I : Southern part of France is famous for wine making industry. Statement II : Southern part of France produces 'a variety of fruits due to Mediterranean climate.
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8). Statement I : Kali age reflects the presence of deep social crisis characterized by varnasankara i.e., intermixture of varnas or social orders. Statement II : The vaisyas and sudras (peasants, artisans and labourers) either refused to perform producing functions or pay taxes or supply necessary labour for economic production resulting in weakening of Brahminical social order and social tension.
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9). Statement I : The social institutions of caste in India underwent major changes in the colonial period. Statement II : Caste, in contemporary society is more a product of ancient Indian tradition than of colonialism.
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10). Statement I: The Russian Revolution of 1917 inspired the Indian Working Class Movement. Statement II : The Non-Cooperation Movement (1921-22) saw the involvement of the Indian Working Class.
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