A firm considering what type of new plant to build is involved in a:
Immediate-run decision
Market period decision
Short-run decision
Long-run decision
- Which one of the following has been the most influential work of F.H.Knight?
- Cross-elasticity of demand or cross-price elasticity between two perfect complements will be:
- If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
- Each short run average cost curve:
- Perfect competition implies:
- In the case of substitutes, the cross demand curve slopes
- Which of the following oligopoly models is concerned with the maximization of joint profits?
- The MC curve cuts the AVC and ATC curves:
- Under which of the following forms of the market structure does a firm have no control over the price…
- Who is the author of Choice of Technique?
- Excess capacity is concerned with the:
- In discriminating monopoly (price discrimination), the cost of production in two markets are:
- In substitution effect and income effect:
- In Nash equilibrium, a player:
- Which of the following has more elastic demand curve?
- By saying that monopolist create a contrived scarcity, economist mean that monopolist:
- The effect of consumer boycotts usually is:
- The elasticity of demand is equal to slope of demand function divided by:
- Which of the following is called Gossens first law?
- Which of the following conditions is met in the long-run equilibrium in monopolistic competition, where…
- If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:
- The name of the system of direct exchange is:
- The cost of firms in cournot model are:
- If a person behaves against the laws of economics then:
- The normal long-run average cost curve is influenced by the:
- In Prisoner Dilemma, the best choice of strategy is:
- Production is a function of:
- To get more revenue, a Finance Minister impose tax on that commodity which has:
- Perfect competition assumes:
- The ordinary demand curve is also called: