Question:medium

Fill in the blank. “The full form of UNDP is __________.”

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UNDP stands for United Nations Development Programme, focusing on global development and poverty reduction.

Updated On: May 21, 2026

Union of Nations Development Policy
United Nations Development Programme
Unified Non-Development Policy
Uganda Nigeria Development Panel

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The Correct Option is B

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A trade-off is:

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If a Production Function is given as Q(x,y) = Axay, where (a + b) = 2, the function is said to display:

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In an oligopolistic market, firm i and firm j have constant marginal cost = c for an identical good. They compete to set prices Pi and Pj. The demand for total market demand Q, where if \(P_i > P_j\), the demand for firm i is 0. If \(P_i < P_j\), the demand for firm i is Q. If \(P_₁ = P_j\), then they share the market equally and hence the demand for firm i is \(\frac{Q}{2}\). In equilibrium, the prices of firms i and j are:

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If Y = F(L,K) is a linear homogeneous production function, then multiplying all inputs by a constant factor α = 2 results in output increasing by a factor of:

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In the table below, firm 1 and firm 2 can cooperate to share market profits or compete with each other. The figures in the cells represent the profits in crores of INR. They can either cooperate with each other where they share INR 10 crores equally. Alternatively, they can compete, which lowers the market output to INR 4 crores, which they share equally. If one of the firms competes while the other cooperates, the former obtains INR 10 crore of profit while the other makes zero profit. In equilibrium, firm A and firm B should respectively:

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