A monopoly producer usually earns:
Abnormal profits
Only normal profits
Neither profits nor losses
Profits and losses which are uncertain
- If the supply and demand increases equally, the price will:
- Labor Saving Technological Progress can be defined as:
- The cost curves of the firm shift due to changes in:
- An economic model describing the working of an economy consists of:
- The slope of isocost line (budget line) shows:
- By scarcity the economist means that all goods are scarce relative the peoples:
- An indifferent curve shows:
- The basic subject matter of economics is:
- For the given production function, technical inefficiency is defined as:
- Who wrote Economics of Imperfect Competition?
- The number of sellers in duopoly is:
- In perfectly competitive markets, the profit maximization rule can be represented by:
- Market allocation fundamentally relies upon:
- Price mechanism has also given the name:
- From analysis, it is clear that both Marshal and Walras market models are:
- In cournot model, firms make decisions separately regarding:
- Which of the following is the work of A.C.Pigou?
- A monopolist:
- An optimum level of a firms output is:
- When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
- In cournot model, firms sell:
- After reaching the saturation point consumption of additional units of the commodity cause:
- Isocost line shows the combinations of labor and capital where a firms budget is:
- Which of the following is not characteristic of perfect competition?
- The pay-off matrix shows:
- Each SAC represents a particular level of:
- Efficient allocation of resources is likely to be achieved under:
- The slope of the iso-cost line (budget line) is determined by:
- The advantage of using indifference curves rather than marginal utilities is:
- The equilibrium of a firm is determined by the equality of MC and MR in only: