In case of monopoly, when total revenue is maximum:

A. MR is positive

B. MR falls

C. MR rises

D. MR is zero

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  1. Slope of a demand curve is:
  2. When price decreases and with it the total outlay on a commodity also decreases, it is a case of:
  3. The law of variable proportions comes into being when:
  4. The Input-Output Analysis was originated by:
  5. Neutral Technological Progress can be defined as:
  6. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
  7. Which of the following goods is most likely to be exchanged in a market of local rather than national…
  8. In the case of substitutes, the cross demand curve slopes
  9. Elasticity of Substitution (s) is defined as:
  10. Which is not an essential feature of a socialist economy?
  11. The utility function u = f(x) is based upon :
  12. Variable cost includes the cost of:
  13. The elliptical isoquant represents the:
  14. Which of the following does not have a uniform elasticity of demand at all points?
  15. In the long run:
  16. MC is given by:
  17. If a new production technology for producing compact discs is developed and new firms are attracted…
  18. Which of the following is not characteristic of perfect competition?
  19. Who is the founder of classical school of thought?
  20. The budget constraint equation of the firm is:
  21. According to Marginalists, the price of any commodity is determined by:
  22. The point on which the average cost is minimum in a firm, short run average cost curve will also be…
  23. A budget line shows:
  24. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  25. The difference between laws of return and laws of return to scale is:
  26. The short run cost curve is U shaped because of:
  27. At final equilibrium in cournot model, each firm sells:
  28. A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:
  29. The concept of period refers to:
  30. Cournot equilibrium is attained where two reaction curves: