Classical production function is:

A. Q = f(L)

B. U =f(X)

C. Q =f(K)

D. Q =f(L,K)

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  1. The main contribution of Prof.Robbins is in the field of:
  2. Change in quantity demanded refers to:
  3. In Recardian theory of value, the stress has been made on:
  4. The isoquant approach is based upon:
  5. The elliptical isoquant represents the:
  6. Which one of the following is also known as Plant Curves:
  7. In first degree price discrimination, monopolist takes away :
  8. Which of the following is not a characteristic of a perfectly competitive market?
  9. There is no difference between fixed and variable factors in the:
  10. According to Chamberlin, the activity of a monopolistic competitive firm:
  11. The utility function u = f(x) is based upon :
  12. A firm can never produce in the middle area of input space, in case of:
  13. The monopolist firm is price setter. The price setter firm is one which:
  14. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  15. In cournot model, firms face:
  16. The supply curve for the short-run competitive firm is the same as:
  17. The price consumption curve (PCC) for commodity X is the locus of points of consumer equilibrium resulting…
  18. The law of demand is most directly a result of:
  19. Cross-elasticity of demand or cross-price elasticity between two perfect complements will be:
  20. In 1932, The nature and significance of economic science was written by:
  21. A demand curve is not related to:
  22. In monopolistic competition, the individual demand curve is also known as:
  23. The Law of Equi-Marginal Utility states:
  24. A monopolist:
  25. In modern theory of costs, a firm normally utilizes:
  26. Marginal cost is the cost:
  27. Airlines that try to lower fares in order to increase revenues believe that demand for airline services…
  28. If the commodity is normal then Income Effect (I.E) is:
  29. If the commodity is inferior then:
  30. In second degree price discrimination, monopolist takes away :