Consider the following and decide which if any economy is without scarcity:

Capital intensive technique would get chosen in a :

What is one of the future consequences of an increase in the current level of consumption in the India?

Which of the following does not suggest a macro approach for India ?

An example of positive economic analysis would be:

Who expressed the view that “economics is neutral between end”?

The law of scarcity

Which of the following is a function of an entrepreneur?

A firm’s average total cost is Rs. 300 at 5 units of output and Rs. 320 at 6 units of output the marginal cost of producing the 6th unit is:

Which of the following is not a determinant of the firm’s cost function?