In finding equilibrium position of a profitmaximizing firm, which technique is most convenient?

A. Total revenue and total cost technique

B. Marginal revenue and marginal cost technique

C. Demand and supply technique

D. None of the above

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  2. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  3. According to Chamberlin, the activity of a monopolistic competitive firm:
  4. Under price discrimination, the buyers must:
  5. In repeated game, the Prisoners Dillemma can have a:
  6. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  7. Nash equilibrium is applicable in case of:
  8. In monopolistic competition, the firms face:
  9. The game theory is concerned with:
  10. To calculate the elasticity of demand, which of the following formula is used?:
  11. For the given production function, technical efficiency is defined as:
  12. Consumer surplus is the difference between
  13. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  14. Who finalized the model of imperfect competition?
  15. If a consumer buys a product that costs Rs.3 and provides an additional 18 units of satisfaction, then…
  16. If in the long run, output increases in the same proportion as increase in all the input in the given…
  17. The necessary condition of firms equilibrium requires:
  18. Under monopoly and imperfect competition MC is:
  19. If two goods are perfect substitutes then IC will be:
  20. The effect of consumer boycotts usually is:
  21. The slope of the iso-cost line (budget line) is determined by:
  22. If the price of Pepsi Cola goes down, you would predict:
  23. The Purchasing Power Parity (PPP) Theory is presented by:
  24. According to Diamond Water Paradox diamonds are more expensive than water because:
  25. One common definition of a luxury good is a good with income elasticity:
  26. Which is the correct statement?
  27. Which of the following is not an explicit cost of production?
  28. In monopolistic competition, the firm compete on the basis of:
  29. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  30. If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then…