A firms profit is equal to:
R-C
R>C
R
R=C
- According to Chamberline, in monopolistic competition, differentiation is determined by:
- When total product falls:
- Dumping is international discriminating:
- The equilibrium level of output for the pure monopolist is where:
- The production function can convey to a firm:
- If a new production technology for producing compact discs is developed and new firms are attracted…
- The budget constraint equation of the firm is:
- If two goods have same marginal utility for a consumer then:
- Who introduced the concept of Elasticity of Demand into economic theory?
- The slutsky demand curve includes:
- Pure monopoly exists:
- A budget line shows:
- The supply curve for the short-run competitive firm is the same as:
- The Strategy of Economic Development is the work of:
- The Prisoners Dilemma was presented by A.W.Tucker in:
- In long run competitive equilibrium:
- Microeconomics is also known as:
- The production function of homogeneous of degree one (n=1) is also called:
- The budget line is described by each of the following except:
- Stable cobweb model is a:
- Law of Diminishing Marginal Utility is practically untrue because:
- If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
- In cournot model firms:
- Under competitive conditions, the industry will be in equilibrium:
- Which of the following models are associated with non-collusive oligopoly?
- According to Marshal, the Law of Diminishing Marginal Utility:
- Profits of a firm will be calculated taking into account the units produced and the difference between:
- In short-run, in monopolistic competition, a firm earns:
- The number of sellers in duopoly is:
- In Edgeworth model, if price falls below competitive price, the demand is: