Commerce Exams CUET/ UGC NET / Bcom
If a fisherman must sell all of his daily catch before it spoils for whatever price he is offered, once the fish are caught the fisherman's price elasticity of supply for fresh fish is
Anonymous Quiz
28%
zero
33%
infinite.
18%
one.
21%
unable to be determined from this information.
Commerce Exams CUET/ UGC NET / Bcom
A decrease in supply (shift to the left) will increase total revenue in that market if
Anonymous Quiz
28%
demand is price inelastic.
31%
supply is price elastic.
21%
supply is price inelastic.
19%
demand is price elastic.
Commerce Exams CUET/ UGC NET / Bcom
Want satisfying capacity of goods and services is called_________
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13%
Production
10%
Capacity
55%
Utility
22%
Demand
Commerce Exams CUET/ UGC NET / Bcom
___________ is a quantitative combination of two goods that can be purchased by a consumer from his given market prices.
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14%
Information
24%
Data
13%
Figures
49%
Consumers bundle
Commerce Exams CUET/ UGC NET / Bcom
____________ is a line showing different combinations of two goods which a consumer can buy by spending his whole income at a given price of the goods.
Anonymous Quiz
11%
Budget bundle
36%
Budget set
37%
Budget line
17%
All of the above
Commerce Exams CUET/ UGC NET / Bcom
___________ is the rate at which a consumer is willing to substitute good Y for good X.
Anonymous Quiz
35%
Opportunity cost
13%
Opportunity gain
44%
Marginal rate of substitute
8%
Marginal cost
Commerce Exams CUET/ UGC NET / Bcom
Formula for MRS is ____________
Anonymous Quiz
40%
Loss of good Y / gain of good X
29%
Loss of good X / gain of good Y
23%
Gain of good y / loss of good X
8%
Gain of good X / loss of good
Commerce Exams CUET/ UGC NET / Bcom
MRS abbreviated as _________
Anonymous Quiz
70%
Marginal Rate of Substitution
13%
Marginal Rate of Subtracted
14%
Margin Rate of Solvency
4%
None
Commerce Exams CUET/ UGC NET / Bcom
____________ is a line showing different combinations of two goods which a consumer can buy by spending his whole income at a given price of the goods.
Anonymous Quiz
11%
Budget bundle
18%
Budget set
49%
Budget line
22%
All of the above
Commerce Exams CUET/ UGC NET / Bcom
Commerce Exams CUET/ UGC NET / Bcom
___________ is the total satisfaction a consumer gets from consumption of all units of a commodity
Anonymous Quiz
23%
Utility
62%
Total utility
15%
Marginal utility
Commerce Exams CUET/ UGC NET / Bcom
____________ is the net increase in total utility by consuming an additional unit of a commodity.
Anonymous Quiz
15%
Utility
75%
Marginal utility
11%
Total utility
Commerce Exams CUET/ UGC NET / Bcom
Commerce BANKING UNIT-2 SET-9.pdf
164.6 KB
Commerce Exams CUET/ UGC NET / Bcom
Business_Communication_for_B_Com_course_of_Uttar_Pradesh_Universities.pdf
3.7 MB
Business Communication
Pearson Publication
Pearson Publication
Commerce Exams CUET/ UGC NET / Bcom
Commerce Exams CUET/ UGC NET / Bcom
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11.9 MB
UGC NET JRF & SET
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Paper 1 Book PDF
Commerce Exams CUET/ UGC NET / Bcom
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College TRB Commerce Course Details | Assistant Professor
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Assistant Professor College TRB Commerce Exam Course details, Exam Pattern, Class timing, Fees.
💳 Payment link - Enroll Here 👉 https://www.professoracademy.com/courses/college-trb-commerce-2024-1st-install/
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Assistant Professor College TRB Commerce Exam Course details, Exam Pattern, Class timing, Fees.
💳 Payment link - Enroll Here 👉 https://www.professoracademy.com/courses/college-trb-commerce-2024-1st-install/
📢 Attention…