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If the demand curve is horizontal then its slope is:

A. Infinite

B. Zero

C. Equal to one

D. None of the above

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

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  1. The output where TC = TR & AC = AR:
  2. Firms average and marginal revenues are equal under:
  3. The number of sellers in oligopoly are:
  4. The number of sellers in oligopoly is:
  5. Whenever a group of monopolistic competitors attains equilibrium, the firms in this group usually:
  6. The main contribution of Prof. R.G.D.Allen is in the field of:
  7. According to current thinking, the law of diminishing returns applies to:
  8. Which one of the following has been the most influential work of F.H.Knight?
  9. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  10. Who wrote An Introduction to Positive Economics?
  11. If under perfect competition, in the short period, price does not cover the average cost completely,…
  12. The fixed cost of a firm:
  13. Who is the author of Choice of Technique?
  14. Which of the following oligopoly models is concerned with the maximization of joint profits?
  15. Which cost increases continuously with the increase in production?
  16. If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
  17. A demand schedule is shown as:
  18. When a competitive firm is in equilibrium in the long-run, its output is such that:
  19. The isoquant which are generated by CES (constant elasticity of substitution) production function are…
  20. The costs faced by the firm against fixed factors are:
  21. The firm producing at the minimum point of the AC curve is said to be:
  22. The kink demand curve faced by an oligopolist is based on the assumption that:
  23. Microeconomics is also known as:
  24. For the given production function, technical inefficiency is defined as:
  25. In monopolistic competition, if a firm lowers its price, the rival firms will:
  26. If the marginal utility is divided by the price of the commodity then it is called:
  27. The entry of new firms in cournot model is:
  28. In modern theory of costs, a firm normally utilizes:
  29. At high prices, demand is likely to be:
  30. An inferior commodity is one whose quantity demand decreases when income of the consumer: