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If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:

A. Is not in equilibrium

B. Will not buy any banana

C. Will buy some banana but less than he buys of apples

D. Is willing to pay more for apples than bananas

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

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  1. When a consumer reached at the point of saturation then marginal utility (MU) is:
  2. The costs faced by the firm against variable factors are:
  3. The isoquant approach is:
  4. Who introduced the concept of Elasticity of Demand into economic theory?
  5. The slope of the iso-cost line (budget line) is determined by:
  6. Money spent by a firm on the purchase of capital equipment is:
  7. The Law of Equi-Marginal Utility refers to:
  8. Total variable cost curve:
  9. In monopolistic competition, if a firm lowers its price, the rival firms will:
  10. Which of the following is not characteristic of perfect competition?
  11. The cournot model is a model of:
  12. In terms of price, the indirect utility function may be:
  13. The budget constraint equation of the firm is:
  14. The short run cost curve is U shaped because of:
  15. Which of the following formula determine the income elasticity of demand?:
  16. Production function shows:
  17. A market demand curve presumes that:
  18. Increasing return to scales can be explained in terms of:
  19. Ordinal approach includes arranging:
  20. The marshallian indirect utility function in the form of equation is:
  21. The game theory takes into consideration:
  22. The main contribution of Adam Smith is in the field of:
  23. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  24. A firm considering what type of new plant to build is involved in a:
  25. Engel curves shows that:
  26. Income -elasticity of demand will be zero when a given change in income brings about:
  27. Who wrote Mathematical Analysis for Economists?
  28. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  29. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  30. The Chamberline model recognizes mutual: