In modern theory of costs, a firm normally utilizes:

A. 2/3 of capacity of its plants

B. 3/4 of capacity of its plants

C. 1/3 of capacity of its plants

D. 1/2 of capacity of its plants

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

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  1. On all points of budget (price) line:
  2. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  3. At a point above the middle of a straight line demand curve, elasticity of demand is:
  4. The imaginary differentiation is attributed to difference in:
  5. In Recardian theory of value, the stress has been made on:
  6. Excess capacity is not found under:
  7. The shape of the TC curve is:
  8. If the commodity is inferior then:
  9. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  10. While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer…
  11. The demand of the necessities is:
  12. With which of the following concepts is the name of J.M.Keynes particularly associated?
  13. In market sharing cartel model, cartel determines the shares of:
  14. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  15. The isoquant which are generated by CES (constant elasticity of substitution) production function are…
  16. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…
  17. Rational economic behavior on the part of the consumer means that he will:
  18. Stable cobweb model is a:
  19. From the resource allocation view point, perfect competition is preferable because:
  20. Which of the following curves is a rectangular hyperbola?
  21. Production indifference curve (isoquant) is a curve which shows:
  22. A demand curve which is horizontal and parallel to x-axis represents:
  23. According to Marshallian approach, utility:
  24. Diseconomies of management lead to:
  25. Demand is consumers:
  26. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  27. In the case of an inferior good, the income effect:
  28. The number of sellers in oligopoly is:
  29. Total fixed costs are:
  30. The ordinary demand curve is also called: