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A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue curve is:

A. Less than one

B. Equal to one

C. Greater than one

D. Less than one

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  1. The slope of budget line shows the price ratios of:
  2. Marginal utility equals:
  3. If production increases under increasing returns to scale, the cost will:
  4. In the case of substitutes, the cross demand curve slopes
  5. The monopolist firm is price setter. The price setter firm is one which:
  6. If Cobb-Douglas production function is homogeneous of degree less than one (n
  7. Price discrimination is possible:
  8. Elasticity (E) expressed by the term, 1>E>0, is:
  9. In the long run:
  10. In sweezy model (kinked demand curve model), the overall increase in costs of production:
  11. In monopolistic competition, the cost curves of all firms are:
  12. If X and Y are close substitutes, a fall in price of X will lead to:
  13. Which of the following would be least likely to cause a consumer to eat less beef?
  14. The study of economics just in theoretical way is called:
  15. To attain maximum profits during short-run a firm should produce the output that will:
  16. Equilibrium of a firm represents maximization of profits as well as:
  17. Contraction of demand means:
  18. The marginal revenues are derivatives of:
  19. Cournot equilibrium is attained where two reaction curves:
  20. Demand is consumers:
  21. Which of the following theories of trade cycle was presented by William Jevons?
  22. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  23. Any straight line supply which cuts the x-axis will have:
  24. Now-a-days in real life, we are unable to fined:
  25. The slope of an iso-quant represents:
  26. Abstinence or Waiting theory of Interest was presented by:
  27. In monopoly:
  28. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  29. Any expansion in output by a firm in the short period will always reduce the:
  30. Economies of large-scale production: