Equal to one

Greater than one

Smaller than one

Zero

**Technological efficiency:****When elasticity of demand is less than one (e****AR curve under perfect competition:****MC curve is:****In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :****In monopolistic competition, the customers are attached with one product because of:****Price elasticity of demand can be measured in the following way:****When with a change in price the total outlay (expenditures) on a commodity remains constant, it is a…****The main contribution of Prof. Lord Keynes is in the field of:****Which one of the following has been the most influential work of F.H.Knight?****In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:****When AC curve falls, MC curve falls:****Who wrote Mathematical Analysis for Economists?****Which of the following has more elastic demand curve?****In short run, a firm can change its:****Kinked Demand Curve is consistent with which one of the following market situations?****The slope of an iso-quant represents:****If the production increases under decreasing returns to scale, the cost will:****In the case of substitutes, the cross demand curve slopes****In cournot model, firms face:****All money costs can be regarded as:****The economic problem of determining the combination of inputs yielding lowest cost for producing a given…****Increasing returns is not caused by:****If a straight line supply curve passes through the point of origin O, the elasticity of supply is:****In monopolistic competition, the firm take advantage due to customers:****In the perfect competition, there is a process of:****The minimization of costs subject to output requires equilibrium at the lowest:****If a firm produces zero output in the short period then which statement is true?****Total profits are maximized at the point where:****An effective price ceiling usually results in:**