Podcast
Questions and Answers
Which theory states that a rational consumer allocates his income for the purchase of different goods and services with the aim to maximize his satisfaction?
Which theory states that a rational consumer allocates his income for the purchase of different goods and services with the aim to maximize his satisfaction?
- Theory of consumer behaviour (correct)
- Theory of price
- Macroeconomics
- Theory of producer behaviour
What is the study concerned with the economic behavior of individuals, households, and firms in decision making and allocation of resources?
What is the study concerned with the economic behavior of individuals, households, and firms in decision making and allocation of resources?
- Theory of producer behaviour
- Microeconomics (correct)
- Theory of consumer behaviour
- Macroeconomics
What branch of economics deals with the behavior and performance of an economy as a whole?
What branch of economics deals with the behavior and performance of an economy as a whole?
- Macroeconomics (correct)
- Theory of producer behavior
- Microeconomics
- Theory of price
Who is regarded as the Father of Economics?
Who is regarded as the Father of Economics?
Which theory states that a rational producer has to decide what and how much to produce with the aim of profit maximization?
Which theory states that a rational producer has to decide what and how much to produce with the aim of profit maximization?
What did Raju receive as a gift from his mom?
What did Raju receive as a gift from his mom?
Which item did Raju want to purchase with the money he received?
Which item did Raju want to purchase with the money he received?
How much was the total bill for all the items Raju and Sunny purchased?
How much was the total bill for all the items Raju and Sunny purchased?
How much did Raju pay to the shopkeeper after bargaining?
How much did Raju pay to the shopkeeper after bargaining?
What did Sunny wonder about while coming back home?
What did Sunny wonder about while coming back home?
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