As the price of diamond is higher, so it has:

A. Higher marginal valuation for consumer

B. Lower marginal cost for producer

C. Higher marginal cost for producer

D. Both (a) and (c)

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

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  1. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  2. Consumers are likely to get a variety of similar goods under:
  3. In price leadership, like leader, the follower firm may:
  4. If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
  5. In income effect, we:
  6. Perfect competition assumes:
  7. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  8. If the commodity is inferior then:
  9. We can write ordinal utility function as:
  10. On all points of budget (price) line:
  11. A firm enjoys maximum control over the price of its product under:
  12. Used cars are sold in:
  13. Law of Returns to Scale shows:
  14. Marshalls definition of economics was strongly criticised by:
  15. According to translog production function, elasticity of substitution is:
  16. A budget line shows:
  17. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  18. If the commodities X and Y are perfect substitutes then:
  19. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  20. In Prisoner Dilemma, the best choice of strategy is:
  21. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  22. A monopolist is:
  23. Each firm in cournot model starts selling:
  24. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  25. If the production increases under decreasing returns to scale, the cost will:
  26. Marginal cost is always:
  27. A loss bearing firm will continue to produce in the short run so long as the price at least covers:
  28. A firm can never produce in the middle area of input space, in case of:
  29. The monopolist firm is price setter. The price setter firm is one which:
  30. Cross-elasticity of demand or cross-price elasticity between two independent goods will be: