An indifference curve normally slopes downward from:
Left to right
Right to left
Both of them
None of them
- Which of the following pairs of commodities is an example of substitutes?
- Plumbing and pipe-fitting require many of the same skills. If the wage paid to pipe-fitters increased…
- Which of the following is not a characteristic of a perfectly competitive market?
- Income effect operates through an increase
- Demand is elastic when the coefficient of elasticity is:
- In case of monopoly, the price charged against the additional unit is:
- For a few products such as insulin for diabetics,:
- The optimal strategy for a player is termed as:
- The greater the percentage of income spent on a commodity:
- The production techniques are technically efficient:
- Average Revenue means:
- The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
- The output where TC = TR & AC = AR:
- If a consumer buys a product that costs Rs.3 and provides an additional 18 units of satisfaction, then…
- In cournot model, firms make decisions separately regarding:
- In the long run average costs curve, a firm can change:
- The optimum level of output in long run takes place where:
- Elasticity (E) expressed by the term, 1>E>0, is:
- In economics, Externality means:
- At a point above the middle of a straight line demand curve, elasticity of demand is:
- Which of the following is not a U shaped curve:
- In the case where two commodities are good substitutes then cross elasticity will be:
- At final equilibrium in cournot model, each firm sells:
- The monopolist who is producing the same output from two (or more than two) plants is concerned with:
- If the commodities X and Y are perfect substitutes then:
- AR curve under perfect competition:
- If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
- The amount of income left over for a consumer in equilibrium is :
- In second degree price discrimination, monopolist takes away :
- A normal profit is: