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An indifference curve slopes down towards right since more of one commodity and less of another result in:

A. Same satisfaction

B. Greater satisfaction

C. Maximum satisfaction

D. Decreasing expenditure

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

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  1. The amount of income left over for a consumer in equilibrium is :
  2. If the production increases under decreasing returns to scale, the cost will:
  3. Scarcity means:
  4. The game theory is concerned with:
  5. The indirect utility function is a homogeneous function of:
  6. Contracts made by firms in cooperative games are:
  7. According to current thinking, the law of diminishing returns applies to:
  8. The budget-line is also known as the:
  9. Under conditions of perfect competition, price in the long-run is equal to:
  10. According to M.Kalecki, the true measure of the degree of monopoly power is the:
  11. The effect of consumer boycotts usually is:
  12. With which of the following concepts is the name of J.M.Keynes particularly associated?
  13. A profit-maximizing monopolist in two separate markets will:
  14. The relationship between MC and MP shown by the marginal cost concept is:
  15. A monopolist:
  16. The equilibrium of a firm is determined by the equality of MC and MR in only:
  17. When the demand curve is rectangular hyperbola, it represents:
  18. The relationship between price effect, income effect and substitution effect is:
  19. The utility function u = f(x) is based upon :
  20. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  21. The monopolist firm is price setter. The price setter firm is one which:
  22. At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…
  23. The point on which the average cost is minimum in a firm, short run average cost curve will also be…
  24. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  25. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  26. The main contribution of Malthus is in the field of:
  27. In cournot model, at equuilibrium when MC = MR, the elasticity of demand is:
  28. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  29. In a socialist (communist) economy the invisible hand:
  30. The point where the supply and demand curves intersect on a graph determines: