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After reaching the saturation point consumption of additional units of the commodity cause:

A. Total utility to fall and marginal utility to increase

B. Total utility and marginal utility both to increase

C. Total utility to fall and marginal utility to become negative

D. Total utility to become negative and marginal utility to fall

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  2. The production possibility curve (PPC) is concerned with:
  3. Marginal cost is always:
  4. The standard form of demand function is:
  5. In monopolistic competition, the firms have to face:
  6. The market demand shedule is determined by:
  7. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  8. Price discrimination is possible:
  9. Even in the long-run equilibrium, the pure monopolist can make abnormal profits because of:
  10. In the long run average costs curve, a firm can change:
  11. Indifference curves reflect:
  12. Which of the following is assumed to be constant when drawing a demand curve?
  13. The isoquant approach is:
  14. Which of the following would be least likely to cause a consumer to eat less beef?
  15. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  16. Stable cobweb model is a:
  17. Under Bandwagon effects, people use those goods which are used by their:
  18. Which of the following is not a characteristic of a perfectly competitive market?
  19. Nash Equilibrium is stable:
  20. The main contribution of David Ricardo is in the field of:
  21. In microeconomics, we study:
  22. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  23. Under monopolistic competition, in long-run there is:
  24. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  25. Government planners play a central role in allocating resources:
  26. The difference between average total cost and average fixed cost shows:
  27. In case of economic bads, an IC can be :
  28. Economics define technology as:
  29. The price consumption curve (PCC) for commodity X is the locus of points of consumer equilibrium resulting…
  30. Each firm in cournot model starts selling: