According to Cobb-Douglas, in production function the marginal product of labor is:





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  1. Price elasticity of demand can be measured in the following way:
  2. The production function of homogeneous of degree one (n=1) is also called:
  3. The equilibrium level of output for the pure monopolist is where:
  4. The necessary condition of firms equilibrium requires:
  5. An inferior good/ commodity is inferior for:
  6. Total utility and price are:
  7. In the perfect competition, there is a process of:
  8. Ceteris paribus clause in the law of demand means:
  9. Suppose income increases by 10% and demand for commodity increases by 5% then the income elasticity…
  10. In repeated game, the Prisoners Dillemma can have a:
  11. In monopolistic competition, if a firm lowers its price, the rival firms will:
  12. In monopoly:
  13. Quantity demanded or supplied is measured in:
  14. The water diamond paradox was firstly resolved with the help of:
  15. A shift in the demand for a product is likely to result from a change in:
  16. If the consumers expect that the price of computers will decrease in next year then:
  17. The short-run periods in monopolistic competition are:
  18. Utility means:
  19. Who finalized the model of imperfect competition?
  20. Scarcity is:
  21. Marginal utility is only meant for:
  22. Perfect competition implies:
  23. Isocost line shows the combinations of labor and capital where a firms budget is:
  24. The average cost curve is a geometrical illustration of:
  25. If a firm produces zero output in the short period then which statement is true?
  26. In the case where two commodities are good substitutes then cross elasticity will be:
  27. Implicit costs are the costs:
  28. Marshallian approach is also known as:
  29. The Purchasing Power Parity (PPP) Theory is presented by:
  30. An economic theory is :