In long run, a firm can change:

A. Fixed factors

B. Variable factors

C. Both of them

D. None of them

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

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  1. According to Marshal, the Law of Diminishing Marginal Utility:
  2. In microeconomics, we study:
  3. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  4. An iso-product (an isoquant) curve slopes:
  5. Which is not a central problem of an economy?
  6. Marginal cost is always:
  7. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  8. If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…
  9. Kinked Demand Curve is consistent with which one of the following market situations?
  10. The Hicksian indirect utility function in the form of equation is:
  11. Human wants are:
  12. Who wrote A Contribution to the Theory of Trade Cycle?
  13. Cardinal approach includes arranging:
  14. Elasticity of supply means change in supply due to change in:
  15. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  16. In Edgeworth model, if price falls below competitive price, the demand is:
  17. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  18. In respect of which of the following category of goods is consumers surplus highest?
  19. If there are many firms producing similar but differentiated products, the competition is generally…
  20. If Marginal Utility (MU) is zero, then total utility is:
  21. Which describes a competitive market?
  22. The indirect utility function is a homogeneous function of:
  23. Karl Marx:
  24. When there is decrease in demand the demand curve:
  25. In price leadership, like leader, the follower firm may:
  26. Elasticity (E) expressed by the term, 8 >E>1, is:
  27. In the case of superior (normal) commodity, the income elasticity of demand is:
  28. Under the perfect competition, the transportation cost:
  29. An effective price ceiling usually results in:
  30. The concept of product differentiation was firstly introduced by: