Question

6. Which of the following methods is used for the estimation of population in country?
(a) Sampling method
(b) Census method
(c) Both (a) and (b)
(d) Neither (a) or (b)
7. Which of these economic problem deals with technique of production?
(a) What to produce
(b) How to produce
(c) For whom to produce
(d) None of these
8. Ramesh is working at a salary of Rs.35,000 per month. He receives two job offers: (i) To work as an account at a salary of Rs.30,000 per month; (ii) To work as a sales manager at a salary of Rs.25,000 per month. In the given case, his opportunity cost will be:
(a) Rs.25,000
(b) Rs.30,000
(c) Rs.35,000
(d) Rs.65,000
9. A consumer in consumption of two commodities A and B is at equilibrium. The prices of A and B are Rs.10 and Rs.20 respectively and the marginal utility of product B is 50. What will be the marginal utility of product A?
(a) 100
(b) 25
(c) 250
(d) 4
10. The consumer is in equilibrium at a point where the budget line:
(a) is above an indifference curve
(b) is tangent to an indifference curve
(c) is below an indifference curve
(d) cuts an indifference curve

Answer 1

Answer:

census method

how to produce

is tanjent to an indifference curve

25