Goods which are not perfect substitute of each other but have to be co – McqOptions

MCQOPTIONS

1.	Goods which are not perfect substitute of each other but have to be consumed in a fixed ratio will have rate of substitution
A.	Unity
B.	Less than 1
C.	More than 1
D.	Zero
Answer» E.

Discussion

No Comment Found

Related MCQs

The jackpot on a gaming machine has not 'dropped' for several weeks. Believing that the payout is imminent, a gambler feeds coins steadily to the machine. What does this behavior illustrate?
In question No. 127 if the firm continue to operate beyond 6 labour hours as the labour cannot be declared surplus the firms should ------ to increase the output
In the BoP statement, current account includes(i) Marchandize, invisible items(ii) Government loans from abroad(iii) Foreign direct investment.
A goods can be considered inferior goods in economics if increase in disposal income of the consumer causes
A goods can be considered a normal goods in economics if increase in disposal income of the consumer causes
Which answer corresponds to a person's internal desire to do something, due to such things as interest, challenge and personal satisfaction?
Goods which are not perfect substitute of each other but have to be consumed in a fixed ratio will have rate of substitution
The type of unemployment that includes those persons who are unemployed for an intervening period of change over in job for better job is known as
_____ is a process that begins when one party perceives that another party has negatively affected, or is about to negatively affect, something that the first party cares about.
Stoner and others have shown how groups can make decisions that are much less, or much more, cautious that any member would take alone. What are these changes called?