MCQ
Lord Cornwallis introduced “Permanent Settlement Act in” _______
- ✓1793
- B1794
- C1795
- D1796
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| (a) | Goods | (1) | Man-made |
| (b) | Services | (2) | Nature |
| (c) | Free good | (3) | Tangible |
| (d) | Consumer good | (4) | Intangible |
| a) | Q | = | $AL ^\alpha K ^\beta$ | |
| b) | Q | = | $- AL ^\alpha K ^\beta$ | |
| c) | Q | = | $AL ^{\alpha+\beta}$ | |
| d) | Q | = | $AK ^{\alpha+\beta}$ | |
| a) | Consumer's surplus | 1) | $\left(y-y_1\right)=m\left(x-x_1\right)$ | |
| b) | Producer's surplus | 2) | $m =\frac{ y _2- y _1}{ x _2- x _1}$ | |
| c) | Slope | 3) | $\left[\int_0^{x_0}(p x) d x\right]-x_0 p_0$ | |
| d) | Straight line | 4) | $p _0 x _0-\int_0^{ x _{ g }} g ( x ) dx$ | |
| a) | Point elasticity | Upper segment / Lower segment | |
| b) | The law of equimarginal utility | Gossen's second law | |
| c) | Giffen paradox | Ragi, Cholam | |
| d) | Veblen effect | Diamond | |