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प्रश्न
If Marginal Propensity to Save (MPS) is 0.25 and the initial change in investment is ₹ 250 crores, then the final change in income would be ______.
विकल्प
₹ 1000 crores
₹ 1200 crores
₹ 500 crores
₹ 3500 crores
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उत्तर
₹ 1000 crores
Explanation:
ΔY = `Δ"I" xx 1/("MPS")`
ΔY = `₹ 250 xx 1/0.25`
= ₹ 1,000 crores
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संबंधित प्रश्न
Indifference curve are convex to the origin because of ______
Total output is maximum when marginal product is ______
Under the condition of profit maximisation, MR must be equal to ______
Identify the correctly matched statements from Column I to that of Column II:
| Column I | Column II |
| 1. Total revenue | (a) Sum of marginal revenues |
| 2. MC > ATC | (b) Stage III |
| 3. MP is negative. | (c) Qx = f(L, K) |
| 4. Production Function | (d) ATC must rise. |
Condition for equilibrium in monopoly:
- MC is equal to MR.
- MC curve cuts the MR from below.
Assertion (A): When the Average Cost is constant, the AC curve is at its minimum point.
Reason (R): At this point, the MC curve cuts the AC curve, which implies MC = AC.
Statement 1: Marginal revenue curve is parallel to the x-axis.
Statement 2: The slope of the marginal revenue curve is upward sloping.
Read the following passage and answer the question that follows:
| The ordinal list revolution originates in the criticism of the psychological foundations of the theory of demand, namely, the principle of decreasing marginal utility as Alfred Marshall ([1890] 1898) used it. The rejection of hedonist hypotheses led Irving Fisher (1892) and Pareto (1896-97, 1900, 1909) to favour an objective or "positive" approach to economic concepts. The "ordinal list revolution" (Omarzabal 1995, 116) is grounded in a methodological transformation of economics that put the facts of objective experience as a foundation of economics and provided a research program for the ensuing years (Green and Moss 1993; Lewin 1996). Mathematically, ordinalism is entirely based upon the idea that one can dispense with the use of a specific utility function and that no meaning shall be attached to utility measurement, except as an ordinal principle. Clearly, the development of ordinalism must be separated from the introduction of the concept of the indifference curve. Ordinalism was first advocated in Fisher's "Mathematics Investigations" (1892) and Pareto's Sunto (1900) and Manual ([1909] 1971), while the indifference curve had appeared in F. Y. Edge Worth's Mathematical Psychics (1881). It was thus only through Fisher's and Pareto's recasting that the concept of the indifference curve became irreversibly associated with the promotion of ordinalism. Along the way, the recasting of the theory of choice along ordinal list lines raised a number of issues (about integrability, measurability, and complementarity) that would be progressively settled. The reasonable closing date for the ordinalist revolution is 1950, after Houthakker's (1950) and Samuelson's (1950) contributions. From the late 1920s, the Paretian school was progressively gaining a larger audience while the use of the concept of marginal utility and other derivative concepts was challenged. Consequently, demand theory was recast along with the principles of individual preferences and ordinal utility functions. Nevertheless, English authors proved very silent about the meaning of indifference curves. Most if not all of the reflections after 1920 about the nature of indifference curves took place in America, mainly under the impulse of Henry Schultz at Chicago. This is an American story. |
______ is a curve showing different combinations of two goods, each combination offering the same level of satisfaction to the consumer.
Identify the correct pair of items from the following Columns I and II:
| Column I | Columns II |
| 1. MC cuts AC | (a) MC is greater than AC. |
| 2. Derived from TC | (b) Opportunity cost |
| 3. When AC falls | (c) MC is lower than AC. |
| 4. When AC rises | (d) At its minimum points. |
Assertion (A): MRS is defined as the amount of good Y given up in exchange for good X such that the total utility is constant.
Reason (R): Diminishing MRS means the consumer wants to give up lesser units of Y in exchange for good X.
Which of the following statement is true?
What does ordinal utility mean?
Who first drew the concept of indifference curves?
Which axis represents “Food” in a standard indifference curve diagram?
The marginal rate of substitution (MRS) tells us ______.
As more units of “Food” are chosen, the MRS usually ______.
If two indifference curves cross, what does it mean?
