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A firm can never produce in the middle area of input space, in case of:

A. Concave isoquant

B. Convex isoquant

C. Constant isoquant

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. In modern theory of costs, a firm normally utilizes:
  2. The cobweb model will divergent when the slope of:
  3. Marginal utility means:
  4. Time Preference Theory of Interest was presented by:
  5. Abstinence or Waiting theory of Interest was presented by:
  6. Which is not an essential feature of a socialist economy?
  7. In cournot model, at equuilibrium when MC = MR, the elasticity of demand is:
  8. Engel curves shows that:
  9. If two goods are complements then indifference curve (IC) will be:
  10. The production function of homogeneous of degree one (n=1) is also called:
  11. 4.The Law of Diminishing Returns according to the modern view, applies to:
  12. The falling part of total Utility (TU) curve shows:
  13. Each SAC represents a particular level of:
  14. The total utility (TU) curve is:
  15. General equilibrium is concerned with simultaneous equilibrium of:
  16. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  17. In the case of a giffen good, the income effect:
  18. In monopolistic competition, the firms follow:
  19. Economic problems arise because:
  20. Price effect occurs on the higher IC in case of:
  21. Demand of a commodity is elastic when:
  22. At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…
  23. Under which of the following forms of the market structure does a firm have no control over the price…
  24. If as a result of an increase in prices, total outlay (expenditures) on a commodity decreases, its price-elasticity…
  25. Which industries spend a relatively large share of their revenue on research and development in order…
  26. If there are many firms producing similar but differentiated products, the competition is generally…
  27. MC curve is:
  28. Efficient allocation of resources is likely to be achieved under:
  29. In economic term water is a:
  30. In monopoly: