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A firms profit is equal to:

A. R-C

B. R>C

C. R

D. R=C

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