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An economic model describing the working of an economy consists of:

A. Functional relationships

B. Family relationships

C. Economic position

D. Stagnant relationships

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The partial equilibrium model keeps other things:
  2. If the price of Pepsi Cola goes down, you would predict:
  3. Gold is bought and sold in a:
  4. In monopolistic competition, the firm compete on the basis of:
  5. Supply curves are most elastic:
  6. Government planners play a central role in allocating resources:
  7. A mixed economy is characterized by the coexistence of:
  8. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  9. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  10. The external economies of scale experienced by a firm include the:
  11. The general markets results from the imposition of price ceilings has been:
  12. If demand increased and supply decreased then:
  13. Perfect competition assumes:
  14. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  15. In monopoly, the relationship between average revenue and marginal revenue curves is as follows:
  16. Who wrote Economics of Imperfect Competition?
  17. A price is a ratio of exchange between:
  18. The number of sellers in oligopoly is:
  19. The relationship between price effect, income effect and substitution effect is:
  20. If by doubling all inputs in the long run output is less than double, it is a case of:
  21. The marginal revenues are derivatives of:
  22. With firms having cost differences under perfect competition, a firm, which earns normal profit in the…
  23. The competitive equilibrium leads to:
  24. Economies of large-scale production:
  25. When elasticity of demand is one (e=1), then following the formula MR=P[1-1/e], the MR will:
  26. Which industries spend a relatively large share of their revenue on research and development in order…
  27. Micro economics is concerned with:
  28. In discriminating monopoly (price discrimination), the elasticity of demand of product in two markets…
  29. The optimal strategy for a player is termed as:
  30. All money costs can be regarded as: