Along an isoquant, output remains same, and capital labor ratio:
Is also same
Is different
Is constant
Is zero
- Regarding economic decisions, economics of uncertainty identifies:
- Diminishing returns occur when a firm:
- Increase in demand occurs when:
- Production function shows:
- In case of monopoly:
- The total utility is gained by consuming:
- An exceptional demand curve is:
- If the commodities X and Y are perfect complements then:
- In cournot model, firms sell:
- To attain maximum profits during short-run a firm should produce the output that will:
- In the case of a giffen good, the income effect:
- In short-run, in monopolistic competition, a firm earns:
- Technological Progress (Invention) can be defined as:
- The low cost price leader will charge:
- The supply curve would probably shift to the right if:
- The budget-line is also known as the:
- According to current thinking, the law of diminishing returns applies to:
- The cost curves of the firm shift due to changes in:
- While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer…
- If a good is an inferior good then an increase in incomes of the consumers will:
- In case of budget line, we get pairs of two goods where consumers income is:
- Change in quantity demanded (expansion and contraction of demand) is:
- LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
- The standard form of demand function is:
- If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
- The name of the system of direct exchange is:
- The main contribution of Prof. R.G.D.Allen is in the field of:
- AR curve under perfect competition:
- Increasing returns imply:
- The Law of Proportionality is another name of: