Question : The time element in price analysis was introduced by:
Option 1: J. M. Keynes
Option 2: Alfred Marshall
Option 3: J. S. Mill
Option 4: J. R. Hicks
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Correct Answer: Alfred Marshall
Solution : The correct answer is Alfred Marshall.
Alfred Marshall was the pioneer in incorporating the element of time into price analysis. He acknowledged that the value or price of a product or service could be shaped not only by current demand but also by anticipations regarding future demand and supply circumstances.
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Question : Who propounded the Innovation theory of profits ?
Option 1: J .A. Schumpeter
Option 2: P .A. Samuelson
Option 3: Alfred Marshall
Option 4: David Ricardo
Question : J. B. Say's Law of Market was not accepted by:
Option 1: Adam Smith
Option 2: Marshall
Option 3: Malthus
Question : Determine the value of $\small \left (\frac{1}{r}+\frac{1}{s} \right)$, when $r^{3}+s^{3}=0$ and $r+s=6$.
Option 1: 0
Option 2: 0.5
Option 3: 1
Option 4: 6
Question : Who is called the "Father of Economics"?
Option 1: Max Muller
Option 2: Karl Marx
Option 3: Adam Smith
Option 4: Alfred Marshall
Question : Which are the four quantum numbers for an electron present in 4f orbital?
Option 1: n=4, I=3, m=+1, s=+1 / 2
Option 2: n=3, I=2, m=-2, s=+1 / 2
Option 3: n=4, I=4, m=-4, s=-1 / 2
Option 4: n=4, I=3, m=+4, s=+1 / 2
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