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In 1890, Principles of Economics was written by:

A. Prof. Robbins

B. Alfred Marshal

C. Prof. Senior

D. Adam Smith

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

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  1. Suppose income increases by 10% and demand for commodity increases by 5% then the income elasticity…
  2. As the price of diamond is higher, so it has:
  3. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
  4. Technological efficiency:
  5. The effects according to which people use those goods which are concerned with distinctive standard…
  6. In economics, Externality means:
  7. Identify the work of Irving Fisher:
  8. Demand of a commodity is elastic when:
  9. In the perfect competition, there is a process of:
  10. The games which played by players again and again are called:
  11. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
  12. Profits of a firm will be calculated taking into account the units produced and the difference between:
  13. A budget line shows:
  14. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  15. Which is the correct statement?
  16. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  17. If money income is given then consumer is in equilibrium when:
  18. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  19. According to classical approach, utility can be:
  20. The supply curve for the short-run competitive firm is the same as:
  21. Production indifference curve (isoquant) is a curve which shows:
  22. The longer the period of time, the elasticity of supply will be:
  23. For the given production function, technical inefficiency is defined as:
  24. If the prices of goods rise then:
  25. Firms average and marginal revenues are equal under:
  26. In price leadership, like leader, the follower firm may:
  27. Which of the following is not a characteristic of a perfectly competitive market?
  28. The basic and essential economic problems in a community are related to choice and:
  29. Demand for a commodity is elastic when it has
  30. When the output of a firm is increasing, its average fixed cost: