According to marginalistic rule, the profit maximization hypothesis requires:





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  1. In the case of substitutes, the cross demand curve slopes
  2. The main contribution of David Ricardo is in the field of:
  3. Traditionally, the study of determination of price is called:
  4. Demand is elastic when the coefficient of elasticity is:
  5. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
  6. The competitive equilibrium leads to:
  7. Total utility and price are:
  8. Demand of a commodity is elastic when:
  9. If the production increases under decreasing returns to scale, the cost will:
  10. The long run total cost is attained by:
  11. Under monopolistic competition, the firms compete alongwith:
  12. The act of producing the output from more than one plant is concerned with:
  13. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  14. Marginal revenue from a given output:
  15. In case of straight-line isoquant, the factors are not substituted because they are each others:
  16. In Bertrand model, the entry of new firms is:
  17. Identify the work of Irving Fisher:
  18. Technological efficiency:
  19. If the commodity is normal then price effect is:
  20. Cross-elasticity of demand or cross-price elasticity between two perfect complements will be:
  21. Regarding economic decisions, economics of uncertainty identifies:
  22. Identify the work of T.W.Schultz:
  23. In modern theory of costs, a firm normally utilizes:
  24. The indifference curve technique:
  25. If a firm produces zero output in the short period then which statement is true?
  26. According to Smith, by value we mean the value with respect to use, and the price we mean the value…
  27. The external economies of scale experienced by a firm include the:
  28. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  29. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  30. In sweezy model (kinked demand curve model), the role of MC curve: