If Marginal Utility (MU) is zero, then total utility is:
Maximum
Minimum
Infinite
Not measureable
- Inputs or Factors of production are defined as:
- Under monopolistic competition, the products sold by the firms are:
- Under perfect competition, the average revenue, marginal revenue and price are shown:
- When there is decrease in demand the demand curve:
- Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
- The main contribution of Prof.Robbins is in the field of:
- If production increases under increasing returns to scale, the cost will:
- Consumers are likely to get a variety of similar goods under:
- Total costs in the short-term (short-run) are classified into fixed costs and variable costs. Which…
- In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
- The proportionality rule in production requires that the ratios of MP and factor prices are:
- A monopolist is:
- A normal profit is:
- The giffen paradox is an exception to law of:
- We can measure consumers surplus with the help of
- The combination of labor and capital where the cost of a given output is minimized is known as:
- Ordinal approach includes arranging:
- The normal long-run average cost curve is influenced by the:
- At a point below the middle of a straight line demand curve, elasticity of demand is:
- The supply curve would probably shift to the right if:
- In case of giffin good, price effect is:
- The good will highest income elasticity is:
- The number of sellers in oligopoly are:
- The utility function u = f(x) is based upon :
- The cost of firms in cournot model are:
- Short run cost curves are influenced by:
- Which of the following is an implicit cost of production?
- For monopolistic competitive firm:
- The cobweb model will divergent when the slope of:
- Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because: