10.

ER ८:

12.

2 C 1381

When the demand curve of a monopolist is Q=a~-5P, then the total revenue is given by :
A) a-bPQ. 8) ०७-०५.

C) ८०८९-७०. ൬) ൧12.

If the percentage increase in the quantity of a commodity demanded is smaller than the percentage
fall in its price, the coefficient of price elasticity of demand is :

A) Greater than one. B) Equal to one.
C) Smaller than one. D) Zero.

If the MRTS;, equals 2, then the MP; /MP, is:

A) 2. eae

Gy lg ; 2) 4.
When the total product reached at its maximum, marginal product is :
A) Zero. B) Negative.
C) Positive. D) Indeterminate.
Dual of the dual is :
A) Dual. B) Primal.
C) Alternative. D) None of the above.

The output elasticity of labour measures :

A) (4Q)/(AL). 8) (%AQ)/(%AL).

€) (AL)/(4Q). D) (%AL)/ (AL).

The price elasticity of demand measures :
A) The slope of a budget curve.
B) How often the price of a good changes.
C) How sensitive the quantity demanded is to changes in demand.

D) The responsiveness of the quantity demanded to changes in price.
(12 x 1 = 12 marks)