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