Because of selling costs, the demand curve of a firm shifts:
Downward
Upward
Horizontal
Straight line
- At the shut-down point in perfect competition:
- According to Marginalists, the price of any commodity is determined by:
- If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
- If the marginal utility is divided by the price of the commodity then it is called:
- Any straight line supply which cuts the x-axis will have:
- Which is the correct statement?
- In cournot model, at equuilibrium when MC = MR, the elasticity of demand is:
- If X and Y are close substitutes, a fall in price of X will lead to:
- Marginal utility equals:
- Cross-elasticity of demand is measured as:
- The main contribution of Prof. R.G.D.Allen is in the field of:
- The Tit for Tat strategy means cooperation by the 2nd firm if:
- The basic subject matter of economics is:
- Social costs equal private costs when:
- The behavior of MC curve is determined by the behavior of the:
- In monopoly:
- In discriminating monopoly (price discrimination), the cost of production in two markets are:
- The total utility is gained by consuming:
- A price is a ratio of exchange between:
- Total Utility (TU) curve:
- Supply curves are most elastic:
- In monopolistic competition, the aim of the firm is to:
- Price-taker firms:
- Income -elasticity of demand will be zero when a given change in income brings about:
- The ordinary demand curve is also called:
- MRSxy measures:
- Under monopoly and imperfect competition MC is:
- When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
- In the short-run, in which one of the following situations would a competitive seller close down (shut-down)?
- Which one of the following is also known as Plant Curves: