An indifferent curve shows:

A. That how many utils are obtained from consuming different bundles of commodities

B. Different collections of two commodities the consumer considers to be of equal value

C. That if price increases there will be an increases in demand

D. None of the above

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

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  2. Engel curves shows that:
  3. An economic model describing the working of an economy consists of:
  4. The optimum level of output in long run takes place where:
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  6. Quantity demanded or supplied is measured in:
  7. Who is the author of Choice of Technique?
  8. Regarding economic decisions, economics of uncertainty identifies:
  9. The production function of homogeneous of degree one (n=1) is also called:
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  11. Law of Diminishing Marginal Utility is practically untrue because:
  12. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  13. Nash equilibrium is applicable in case of:
  14. A profit-maximizing monopolist in two separate markets will:
  15. If the commodity is normal then price effect is:
  16. An indifferent curve shows:
  17. In the long-run:
  18. One common definition of a luxury good is a good with income elasticity:
  19. If a commodity sold under monopoly is got free of cost, then MC will be:
  20. The isoquant approach is:
  21. Contracts made by firms in cooperative games are:
  22. We can write ordinal utility function as:
  23. A monopoly producer usually earns:
  24. In finding equilibrium position of a profitmaximizing firm, which technique is most convenient?
  25. Identify the economist who first developed the theory of income determination in its modern form:
  26. The Law of Diminishing Marginal Returns can be explained in terms of:
  27. The largest possible loss that a firm will make in the short run is:
  28. The law of variable proportions comes into being when:
  29. In the case of complements, the cross demand curve slopes:
  30. If cross-elasticity of one commodity for another turns out to be zero, it means they are: