If the increase in demand is more than the increase in supply, the price will:
Rise
Fall
Remain the same
None of the above
- In cournot model, firms make decisions separately regarding:
- On all points of budget (price) line:
- Who developed the concept of Representative Firm?
- The modern cost curves are based upon the idea of:
- Selling costs are incurred under monopolistic competition to:
- The Law of Proportionality is another name of:
- The slope of isocost line (budget line) shows:
- An indifference curve shows the bundles of two goods among which a consumer remains:
- If two households have identical preferences but different incomes then:
- Efficient allocation of resources is achieved to a greater extent under:
- Revealed Preference Theory was presented by:
- Under monopoly and imperfect competition MC is:
- The long run average cost curve is the envelope of:
- Who is the author of Choice of Technique?
- Production is a function of:
- The average product is given as:
- The kink demand curve faced by an oligopolist is based on the assumption that:
- Moving along the indifference curve leaves the consumer:
- The MRTS along an iso-quant goes on to:
- A demand curve is not related to:
- Necessary condition for consumer equilibrium is:
- The Prisoners Dilemma was presented by A.W.Tucker in:
- According to Marshallian approach, utility:
- The standard form of demand function is:
- One way the government can induce a monopolist to expand his output is by imposing:
- The concept of industry in monopolistic competition has been replaced by:
- Total costs are:
- Who is the author of Problems of Capital Formation in Underdeveloped Countries?
- Who first formulated the Marginal Productivity Theory of Distribution?
- If the price of a product falls which of the following would occur?