Home

A firm under perfect competition has:

A. An AR curve which is a horizontal straight line

B. An AR curve which slopes downward

C. An AR curve which has a kink

D. An AR curve shape of which cannot be predicted

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

You can do it
  1. The situation in between the extremes of the govt. controlled, planned economy and the perfectly free,…
  2. 7.In an economy based on the price system the decision on what shall be produced is made by:
  3. The equilibrium of a firm is determined by the equality of MC and MR in only:
  4. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  5. The Modern and Neo-Keynsian Theory of Interestwas presented by:
  6. In general, most of the production functions measure:
  7. Marginal utility means:
  8. When the slope of a demand curve is zero (also known as vertical demand curve) then elasticity will…
  9. Each SAC represents a particular level of:
  10. An individual consumers demand is not determined by:
  11. A firm in a position of equilibrium is supposed to be maximizing:
  12. Which of the following is called Gossens first law?
  13. The Prisoners Dilemma was presented by A.W.Tucker in:
  14. The elasticity of demand is equal to slope of demand function divided by:
  15. The MC curve cuts the AVC and ATC curves:
  16. Which is the correct statement?
  17. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  18. Marginal Utility (MU) curve is always:
  19. An inferior commodity is one whose quantity demand decreases when income of the consumer:
  20. While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer…
  21. For monopolistic competitive firm:
  22. The difference between accounting profits and economic profits is:
  23. Who finalized the model of imperfect competition?
  24. If money income is given then consumer is in equilibrium when:
  25. If the price of coffee increases, you would predict that:
  26. The cost of firms in cournot model are:
  27. Law of Variable Proportions is regarding in:
  28. The Hicksian indirect utility function in the form of equation is:
  29. The utility function u = f(x) is based upon :
  30. Of the following, which one is a characteristic of monopolistic competition?