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If a commodity sold under monopoly is got free of cost, then MC will be:

A. Zero

B. Identical with the MR

C. A horizontal straight line

D. Infinite

Correct Answer : A.


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  1. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  2. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  3. Marginal cost is found with the help of changes in:
  4. The game theory was basically presented by:
  5. When SAC curve rises, SMC curve lies its:
  6. The monopolist often lead to exploitation of:
  7. The spending of money by the producer to influence consumers is an example of:
  8. 4.The Law of Diminishing Returns according to the modern view, applies to:
  9. The firm producing at the minimum point of the AC curve is said to be:
  10. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
  11. The game theory concentrates on:
  12. If demand increased and supply decreased then:
  13. The least cost combination of factors x , y and z will generally be the point at which:
  14. Marginal revenue from a given output:
  15. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  16. In Prisoners Dillemma, the players are:
  17. In the case of superior (normal) commodity, the income elasticity of demand is:
  18. At high prices, demand is likely to be:
  19. Under competitive conditions, the industry will be in equilibrium:
  20. The Law of Equi-Marginal Utility states:
  21. The total utility is gained by consuming:
  22. Law of Substitution in production was presented by:
  23. The main contribution of Prof.Robbins is in the field of:
  24. Who is the author of Trade Cycle ?
  25. The isoquant approach is based upon:
  26. Marginal Productivity Theory deals with the theory of:
  27. In case of short-run, the supply curve of an industry is the horizontal summation of:
  28. MRSxy measures:
  29. In Prisoner Dilemma, the best choice of strategy is:
  30. In monopoly, when average revenue curve falls: