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An indifference curve shows the bundles of two goods among which a consumer remains:

A. Indifferent

B. Different

C. In equilibrium

D. Dominant

Correct Answer : A.


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  6. If the commodity is normal then fall in price will result in:
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  8. When total product falls:
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  10. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  11. Marginal utility (MU) always:
  12. If the price of Pepsi Cola goes down, you would predict:
  13. The minimization of costs subject to output requires equilibrium at the lowest:
  14. A monopolist is:
  15. Supply of a commodity refers to:
  16. Law of Returns to Scale shows:
  17. According to Saint Thomas Aquinas value is determined by God, but prices by:
  18. Change in demand (rise and fall of demand) is:
  19. The equilibrium level of output for the pure monopolist is where:
  20. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  21. In Bertrand model, the entry of new firms is:
  22. Utility is:
  23. The non-price competition cartel is a:
  24. In the long run:
  25. The costs faced by the firm against variable factors are:
  26. The effect of consumer boycotts usually is:
  27. The budget constraint can be written as:
  28. The central problem of economics is:
  29. In the case of an inferior commodity, the income-elasticity of demand is:
  30. According to the principle of substitution?