According to Marshal, the Law of Diminishing Marginal Utility:

A. Applies on both money and other commodities

B. Does not apply on money

C. Does not apply on bank money but applies on cash money

D. Applies on all the commodities except on money

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. In income effect, we:
  2. Time Preference Theory of Interest was presented by:
  3. A budget line shows:
  4. A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:
  5. Identify the work of T.W.Schultz:
  6. A producer attains the least cost combination when the relation between Marginal Rate of Technical Substitution…
  7. By reducing the prices of its products below those of its competitors, a perfectly competitive seller:
  8. Marginal cost curve cuts the average cost curve:
  9. The central problem of economics is:
  10. Short run cost curves are influenced by:
  11. Marshalls definition of economics was strongly criticised by:
  12. Monopoly means:
  13. In discriminating monopoly (price discrimination), the elasticity of demand of product in two markets…
  14. Each firm in cournot model starts selling:
  15. Increasing return to scales can be explained in terms of:
  16. When total revenues equal to total opportunity cost then the firm will earn:
  17. In finding equilibrium position of a profitmaximizing firm, which technique is most convenient?
  18. From analysis, it is clear that both Marshal and Walras market models are:
  19. Entry of new firms into a competitive market will shift the supply curve of the:
  20. The expansion point is attained by joining:
  21. The equilibrium level of output for the pure monopolist is where:
  22. Marginal revenue from a given output:
  23. When in a market, the number of buyers is very large and the number of sellers is very small, it is…
  24. In a perfectly competitive market, suppliers must know:
  25. In short run:
  26. At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…
  27. Used cars are sold in:
  28. Traditionally, the study of determination of price is called:
  29. If a firm produces zero output in the short period then which statement is true?
  30. Elasticity (E) expressed by the term, 8 >E>1, is: