In case of economic bads, an IC can be :

A. Sloping downward

B. Sloping upward

C. Positively sloped

D. Negatively sloped

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

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  1. An increase in the price of the good measured on the horizontal axis causes:
  2. Under pure monopoly, there will be:
  3. Which of the following is not characteristic of perfect competition?
  4. The monopolist often lead to exploitation of:
  5. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  6. If the demand curve is horizontal then its slope is:
  7. The minimization of costs subject to output requires equilibrium at the lowest:
  8. The Cambridge School of Thought refers to the group of English economists who came under the influence…
  9. According to Cobb-Douglas, in production function the marginal product of labor is:
  10. The slope of an iso-quant represents:
  11. Slope of a demand curve is:
  12. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  13. Identify the work of Irving Fisher:
  14. When elasticity of demand is one (e=1), then following the formula MR=P[1-1/e], the MR will:
  15. Contraction in demand occurs when:
  16. Rotten eggs are:
  17. A profit-maximizing monopolist in two separate markets will:
  18. Equilibrium of a firm represents maximization of profits as well as:
  19. Perfect competition assumes:
  20. The long run total cost is attained by:
  21. In non-collusive oligopoly firms enter into:
  22. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
  23. In dominant price leadership model, the small firms are like:
  24. The factors of production in perfect competition are:
  25. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  26. To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
  27. Time Preference Theory of Interest was presented by:
  28. Duopoly is a market where there are:
  29. Which of the following is called Gossens first law?
  30. With elasticity of demand, the: