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In joint-profit maximization cartel, the distribution of profit is:

A. Made by agency

B. Not made by agency

C. Made by people

D. None of the above

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  1. The Modern and Neo-Keynsian Theory of Interestwas presented by:
  2. If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…
  3. The firm is at equilibrium where:
  4. Each firm in cournot model assumes that its competitor will:
  5. In the range of excess capacity, the average costs are:
  6. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  7. In the long run:
  8. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  9. With elasticity of demand, the:
  10. In dominant strategies I am doing the best, I can no matter:
  11. Identify the work of T.W.Schultz:
  12. Microeconomics deals with the:
  13. When price decreases and with it the total outlay on a commodity also decreases, it is a case of:
  14. Cartel is associated with:
  15. Average cost curve contains in it:
  16. Moving along the indifference curve leaves the consumer:
  17. Capital and Development Planning is the work of:
  18. A decrease in demand lowers the price the most:
  19. In case of giffin good, price effect is:
  20. When marginal costs curve cuts average costs curve, average costs are:
  21. Which of the following curves is a rectangular hyperbola?
  22. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  23. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  24. If the commodity is inferior then:
  25. Elasticity of demand is equal to unity while marginal revenue is:
  26. In the theory of firm, Chamberline presented the idea of:
  27. If the commodity is normal then price effect is:
  28. When a competitive firm is in equilibrium in the long-run, its output is such that:
  29. The slope of isocost line (budget line) shows:
  30. With firms having cost differences under perfect competition, a firm, which earns normal profit in the…