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Elasticity of demand is equal to unity while marginal revenue is:

A. Positive

B. Zero

C. Negative

D. Indeterminate

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

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  1. Identify the economist who first developed the theory of income determination in its modern form:
  2. On an indifference map higher indifference curves show:
  3. The vertical demand curve for a commodity shows that its demand is:
  4. Implicit costs are the costs:
  5. The demand curve of a firm in monopolistic competition is:
  6. In monopoly:
  7. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  8. Which of the following would be least likely to cause a consumer to eat less beef?
  9. In a perfectly competitive market, suppliers must know:
  10. Marshallian approach is also known as:
  11. Government planners play a central role in allocating resources:
  12. As the price of diamond is higher, so it has:
  13. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  14. Economies of large-scale production:
  15. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  16. In the long-run competitive equilibrium, the theory predicts that:
  17. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  18. In the range of excess capacity, the average costs are:
  19. If both demand and supply were to increase then:
  20. The reserve capacity in administration is advocated on the ground that demand for a product will:
  21. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  22. Cross-demand curve shows:
  23. The average fixed cost (AFC) curve is asymptote to:
  24. The production possibility curve (PPC) is concerned with:
  25. Airlines that try to lower fares in order to increase revenues believe that demand for airline services…
  26. Returns to scale is a:
  27. Which one of the following is also known as Plant Curves:
  28. If production increases under constant returns to scale, the cost will:
  29. In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
  30. Cross-elasticity of demand is measured as: