Concave to the origin

Convex to the origin

Tangent to the origin

None of the above

**In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:****Ceteris paribus clause in the law of demand means:****Total Utility (TU) curve:****Airlines that try to lower fares in order to increase revenues believe that demand for airline services…****On an indifference map higher indifference curves show:****In economics, Externality means:****Income-elasticity of demand is expressed as:****A loss bearing firm will continue to produce in the short run so long as the price at least covers:****Nash equilibrium is applicable in case of:****The marshallian indirect utility function in the form of equation is:****Price-taker firms:****After reaching the saturation point consumption of additional units of the commodity cause:****The budget constraint can be written as:****Conditions of perfect competition ensure:****The general form of Cobb-Douglas production function is:****Efficient allocation of resources is likely to be achieved under:****The demand curve of a firm in monopolistic competition is:****Technological efficiency:****At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…****The non-price competition cartel is a:****If the increase in demand is more than the increase in supply, the price will:****The long run total cost is attained by:****If the commodities X and Y are perfect complements then:****The slutsky demand curve includes:****When total product (TP) is maximum:****Nash Equilibrium is stable:****The total revenue curve for monopolist is the shape of:****At a point above the middle of a straight line demand curve, elasticity of demand is:****The cost that a firm incurs in purchasing or hiring any factor of production is referred to as:****An effective price ceiling usually results in:**