A budget line shows:
Price of commodity X in terms of Y
Price of commodity Y in term of X
Income of the consumer
All of the above
- In monopolistic competition, the individual demand curve is also known as:
- An iso-product (an isoquant) curve slopes:
- Under monopolistic competition, the firms compete alongwith:
- Demand is elastic when the coefficient of elasticity is:
- The real income of a consumer is income in terms of:
- A firms profit is equal to:
- In sweezy model (kinked demand curve model), the overall increase in costs of production:
- If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
- Perfect competition implies:
- Normally when price per unit of time falls:
- The pay-off matrix shows:
- Identify the work of Irving Fisher:
- Identify the work of T.W.Schultz:
- If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
- In case of giffin good, price effect is:
- After reaching the saturation point consumption of additional units of the commodity cause:
- The firms in non-cooperative games:
- By saying that monopolist create a contrived scarcity, economist mean that monopolist:
- Law of Variable Proportions is regarding in:
- The number of sellers in oligopoly are:
- The optimum level of output in long run takes place where:
- The monopolist who is producing the same output from two (or more than two) plants is concerned with:
- If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
- Who is the author of Trade Cycle ?
- The price consumption curve (PCC) for commodity X is the locus of points of consumer equilibrium resulting…
- An optimum level of a firms output is:
- The Strategy of Economic Development is the work of:
- Quantity demanded or supplied is measured in:
- In Prisoners Dillemma, the players are:
- The slope of the iso-cost line (budget line) is determined by: