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If the slope of the isoquant is equal to the slope of isocost, then isoquant is:

A. Concave to the origin

B. Convex to the origin

C. Tangent to the origin

D. None of the above

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

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