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In economist the term invisible hand is refers to:

A. Hand of God

B. Market self regulating system

C. Hands of invisible people

D. Regulations of government

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

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  1. Average cost means:
  2. In cournot model, firms face:
  3. If Cobb-Douglas production function is homogeneous of degree less than one (n
  4. The number of firms in monopolistic competition normally range between:
  5. Even in the long-run equilibrium, the pure monopolist can make abnormal profits because of:
  6. If the demand curve is vertical then its slope is:
  7. The largest possible loss that a firm will make in the short run is:
  8. Law of Substitution in production was presented by:
  9. The right of individuals to control productive resources is known as:
  10. The games which played by players again and again are called:
  11. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  12. Which is the first-order condition for the profit of a firm to be maximum?
  13. To calculate the elasticity of demand, which of the following formula is used?:
  14. In general, most of the production functions measure:
  15. Marginal cost is the cost:
  16. In monopolistic competition, the firm take advantage due to customers:
  17. Total profits are maximized at the point where:
  18. If the consumers expect that the price of computers will decrease in next year then:
  19. If a new production technology for producing compact discs is developed and new firms are attracted…
  20. Total variable cost curve:
  21. Average cost curve contains in it:
  22. The Hicksian demand curve includes:
  23. Equilibrium of a firm represents maximization of profits as well as:
  24. For the given production function, technical inefficiency is defined as:
  25. The equilibrium level of output for the pure monopolist is where:
  26. A firms profit is equal to:
  27. Substitution effect means a consumer
  28. By scarcity the economist means that all goods are scarce relative the peoples:
  29. Under monopolistic competition, the firms compete alongwith:
  30. Marginal utility (MU) always: