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According to translog production function, elasticity of substitution is:

A. Greater than one

B. Less than one

C. Zero

D. Equal to one

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  1. Karl Marx:
  2. For the given production function, technical efficiency is defined as:
  3. Law of Variable Proportions is regarding in:
  4. The vertical distance between TVC and TC is equal to:
  5. The products, under monopolistic competition are differentiated, yet they are:
  6. The market demand shedule is determined by:
  7. Which of the following models are associated with non-collusive oligopoly?
  8. Human wants are:
  9. In dominant strategies I am doing the best, I can no matter:
  10. Marginal revenue from a given output:
  11. Implicit costs are the costs:
  12. The short-run periods in monopolistic competition are:
  13. When the output of a firm is increasing, its average fixed cost:
  14. Average cost means:
  15. Which of the following is assumed to be constant when a supply curve is drawn:
  16. A monopolist is able to maximize his profit when:
  17. Who first used the term Quasi-Rent?
  18. The difference between average cost and average revenue is:
  19. If a person behaves against the laws of economics then:
  20. An economic model describing the working of an economy consists of:
  21. The demand of the luxuries is:
  22. The horizontal demand curve for a commodity shows that its demand is:
  23. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  24. In the short-run, in which one of the following situations would a competitive seller close down (shut-down)?
  25. In measuring price-elasticity:
  26. The average cost curve is a geometrical illustration of:
  27. The number of sellers in oligopoly is:
  28. In case of short-run, the supply curve of an industry is the horizontal summation of:
  29. Identify the author of The Principles of political Economy and Taxation:
  30. Two policy variables, product and selling activities in the theory of firm was introduced by: