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. It covers key topics like Consumer Equilibrium, Demand, Production, and Market Structures. Time: 1.5 Hours (Section B only) | Max Marks: 40 Section A: Objective Type Questions (1 Mark Each) Which of the following is a normative statement? (a) The unemployment rate in India is 7%. (b) The government should provide free healthcare to all. (c) An increase in price leads to a decrease in demand. (d) India is a developing economy. When Marginal Utility (MU) is zero, Total Utility (TU) is: (a) Zero (b) Minimum (c) Maximum (d) Negative

The PPC slope measures the rate at which one good is sacrificed for another, termed MRT or MOC. tr jain vk ohri microeconomics class 11 pdf free

Dedicate time to the Elasticity of Demand and Cost chapters. These are "scoring" sections. (a) The unemployment rate in India is 7%

Remember to spread the word and help others benefit from this amazing resource! (d) India is a developing economy