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Que : 48. Select and write the correct alternative : (i) When total utility are fixed then marginal utility are – (a) Zero (b) Positive (c) Negative (d) Qualitative (ii) The production function of a firm is - (a) Production (b) Relationship between inputs and outputs (c) Cost (d) Factor (iii) The duration of the Financial Year in India is - (a) January to 31 December (b) 1 February to 31 December (c) 1 April to 31 March (d) 1 July to 30 April (iv) Marginal propensity to consume is - (a) ∆C/∆Y (b) C/Y (c) Y/C (d) S/Y (v) Which characteristic of competition of "price taking behaviour"? (a) Imperfect competition (b) Perfect competition (c) Oligopoly (d) Non-competitive market (vi) Who is the father of modern economics ? (a) John Maynard Keynes (b) Pro. J. K. Mehta (c) Marshall (d) Adam Smith
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