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If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief technology is:

A. One

B. Zero

C. Two

D. Five

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

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  1. Price elasticity of demand can be measured in the following way:
  2. Which of the following theories of trade cycle was presented by William Jevons?
  3. Who developed the concept of Representative Firm?
  4. In joint-profit maximization cartel, the distribution of profit is:
  5. The model which gives us information about price and output changes in different periods is:
  6. At high prices, demand is likely to be:
  7. MC = MR = AC = AR shows the long run equilibrium position of the:
  8. The number of sellers in duopoly is:
  9. The long run average cost curve is the envelope of:
  10. Price is measured in:
  11. When a consumer is in equilibrium then slope of indifference curve is:
  12. Marginal utility (MU) always:
  13. 7.In an economy based on the price system the decision on what shall be produced is made by:
  14. Contracts made by firms in cooperative games are:
  15. In case of economic bads, an IC can be :
  16. Of the following, which one corresponds to fixed cost?
  17. From the resource allocation view point, perfect competition is preferable because:
  18. A dominant strategy can best be described as:
  19. Any expansion in output by a firm in the short period will always reduce the:
  20. In monopolistic competition, the firms follow:
  21. Identify the author of The Affluent Society?
  22. At low prices, demand is likely to be:
  23. J.R.Hicks was:
  24. The sufficient condition of firms equilibrium requires:
  25. The Hicksian demand curve includes:
  26. Identify the author of The Principles of political Economy and Taxation:
  27. The total utility (TU) curve is:
  28. In finding equilibrium position of a profitmaximizing firm, which technique is most convenient?
  29. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:
  30. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects: