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According to Marshallian approach, utility:

A. Can be added

B. Can be subtracted

C. Can be multiplied

D. Can be divided

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  1. Profits of a firm will be calculated taking into account the units produced and the difference between:
  2. The isoquant which are generated by CES (constant elasticity of substitution) production function are…
  3. The external economies of scale experienced by a firm include the:
  4. Marginal revenue from a given output:
  5. Income -elasticity of demand will be zero when a given change in income brings about:
  6. The shape of the TC curve is:
  7. For a commodity giving large consumers surplus, the demand will be:
  8. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  9. Average Revenue means:
  10. The concept of period refers to:
  11. A monopoly producer has:
  12. The equilibrium level of output for the pure monopolist is where:
  13. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  14. If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
  15. In monopolistic competition, the firms face:
  16. Used cars are sold in:
  17. If by doubling all inputs in the long run output is less than double, it is a case of:
  18. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  19. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  20. A firm under perfect competition has:
  21. The reaction curve of a firm is attained by joining the:
  22. For monopolistic competitive firm:
  23. Stable cobweb model is a:
  24. The number of sellers in duopoly is:
  25. Regarding economic decisions, economics of uncertainty identifies:
  26. An iso-product (an isoquant) curve slopes:
  27. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  28. On the total utility curve the economically relevant range is the portion over which:
  29. Cross-elasticity of demand is measured as:
  30. With an increase in income, consumer is expected to buy more of: