ള്ള

Maximum : 100 marks

Time : 1 hour and 15 minutes

Which of the following is an important Popperian criterion for evaluating scientific theories?
(^) Verifiability (18) Generality
(C) Testability (D) Falsifiability

When the total eross effect between twe goods @1 and @2is negative, the goods are called :
(ക) (110६६ substitutes (B) Gross complements
{C) Bubstitutes (D) Complements

Given the utility function U”* = x®*y™* where UJ" is constant level of utility, xand y are two
variable goods, the function is ×

(ക) Convex from below (18) Neither convex nor concave

(C) Concave from below (D) Either convex or concave

Which of the following types of demand function is derived on maximizing Stone-Geary
utility function?

(ಗಿ) Variable elasticity of demand (B) Linear Expenditure Systems

(0 Constant Elasticity of demand (2) Almost Ideal Demand Systems

Given the Average Revenue curve of a monopolist @ =20-4P, which of the following is the
price elasticity coefficient when unit price, P =27

ക്ര 8 (B) 7

(¢) -0.67 യു -8

If P and D are the optimal values of primal and dual programming systems respectively,
which of the following conditions is true?

(ಯ) > 0 ല്‍ 2577
ത 7-7 യു 2൭7

2 ५ 3
Given the relationship between price, P and tax rate T hy the equation, 2 28+27 what
7

inference can be drawn on price when tax rate rises?
(ಗ) Price rise is equal to the amount of unit tax ‏٠‎
‎(B) Price rise is more than the amount of unit tax
(C) Price rise is less than the amount of unit tax
(D) Price rise is less than or equal to the amount of unit tax
3
[7.7.0.]