Home

If we measure the elasticity of demand with the help of the average and marginal revenue, the formula is:

A. Ed = AR/ (AR- MR)

B. Ed = MR/ (AR-MR)

C. Ed = AR/(MR-AR)

D. Ed = AR/ MR

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

You can do it
  1. The isoquant approach is:
  2. If the price of product A decreases and in the result the demand for product B increases then we can…
  3. The point on which the average cost is minimum in a firm, short run average cost curve will also be…
  4. Income-elasticity of demand is expressed as:
  5. The right of individuals to control productive resources is known as:
  6. The combination of labor and capital where the cost of a given output is minimized is known as:
  7. An individual consumers demand is not determined by:
  8. An income demand curve of an inferior good is:
  9. The imaginary differentiation is attributed to difference in:
  10. In general, most of the production functions measure:
  11. A shift in the demand for a product is likely to result from a change in:
  12. The games which played by players again and again are called:
  13. Which of the following theories of trade cycle was presented by William Jevons?
  14. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  15. If two goods are complements then indifference curve (IC) will be:
  16. The horizontal demand curve for a commodity shows that its demand is:
  17. Price effect occurs on the higher IC in case of:
  18. We can measure consumers surplus with the help of
  19. The production process is:
  20. In modern theory of costs, a firm normally utilizes:
  21. Marshalls definition of economics was strongly criticised by:
  22. The low cost price leader will charge:
  23. To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
  24. Conditions of perfect competition ensure:
  25. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  26. The alternative of profit maximization theory is:
  27. In respect of which of the following category of goods is consumers surplus highest?
  28. Pure monopoly exists:
  29. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  30. Who stated explicitly for the first time the Law of Camparative Costs?