According to Saint Thomas Aquinas value is determined by God, but prices by:
Consumers
Employees
People
Labor
- The name of the system of direct exchange is:
- Which is not a central problem of an economy?
- A firm in a position of equilibrium is supposed to be maximizing:
- Stable cobweb model is a:
- In monopolistic competition, the cost curves of all firms are:
- Extension (expansion) of demand means:
- Indifference curves reflect:
- The demand curve of a firm in monopolistic competition is:
- A demand schedule is shown as:
- In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
- The entry of new firms in cournot model is:
- Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
- In non-collusive oligopoly firms enter into:
- If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
- Income-demand curve shows:
- A monopolist has control over the price he charges for his product. He will be able to maximize his…
- In first degree price discrimination, monopolist takes away :
- Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
- If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…
- The demand curve slopes downwards due to:
- Total fixed costs are:
- Total profits are maximized at the point where:
- The slope of marshallian demand curve is:
- In monopolistic competition, the firms follow:
- The non-price competition cartel is a:
- We can write ordinal utility function as:
- Nash equilibrium says:
- If there are many producers, each of whom has an individual production possibility curve, then the lowest…
- The vertical distance between TVC and TC is equal to:
- When the level of optimal factor combination is over and more labor is employed with the fixed plant,…