What happens to the budget line when the income of the consumer increases. Use diagram to show.
See Answer →Under what condition will a shift in demand curve only result in a change in quantity?
See Answer →Distinguish between extension of supply and an increase in supply.
See Answer →Give reasons for diminishing returns to a factor in the short run.
See Answer →A consumer consumes only two goods – X and Y. State and explain the conditions of consumer equilibrium under utility analysis.
See Answer →Suppose that per unit price of capital PK= Rs. 10, per unit price of labour PL= Rs. 20
and Total Outlay (TO) = Rs. 160
(a) What is the slope of the Isocost line?
(b) Write the equation of the Isocost Line.
Explain the total Expenditure method of calculating the price elasticity of demand.
See Answer →Derive the demand curve from Indifference Curve for an inferior good
See Answer →If the government fixes the price above the equilibrium price, what impact will it have on the market?
See Answer →“Economies of Scale lead to increasing returns in the long run”, in the light of this statement, discuss the internal and external economies of scale accruing to the firm in the long run.
See Answer →What is the relationship between long run Marginal cost and Long run Average cost curve? Explain the concept of long period Economic Efficiency using a diagram.
See Answer →Using Isoquant and Isocost line, explain the optimum combinations of factors and Producer’s equilibrium.
See Answer →Discuss potential sectors which offer opportunity to enhance export of services from India.
See Answer →What is the rationale behind promotion of small-scale industries in India? Briefly explain.
See Answer →In what way ‘pooling of land’ can help overcome technological constraints in Indian agriculture?
See Answer →Distinguish between current account convertibility and capital account convertibility.
See Answer →Does High powered money influence credit creation? How?
See Answer →What are the major policy implications in light of higher growth trends of ‘services sector’ in India? How is disinvestment helpful for the growth of services sector in India?
See Answer →What are the determinants of Capital-output ratio (COR)? What does its increasing trend signify?
See Answer →Explain various instruments of fiscal policy. Is it important to keep fiscal deficit of the country low? Comment
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