In perfect competition, the slope of the total revenue curve of a firm is equal to the:

A. Market price




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  1. Profits of a firm will be calculated taking into account the units produced and the difference between:
  2. The fundamental choices that a society must make about the use of its resources include:
  3. In non-collusive oligopoly firms enter into:
  4. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity…
  5. Used cars are sold in:
  6. In monopolistic competition, if a firm lowers its price, the rival firms will:
  7. Price discrimination occurs when:
  8. All of the following curves are U-Shaped except:
  9. In Prisoners Dilemma, both the prisoners are interrogated:
  10. In the case where two commodities are good substitutes then cross elasticity will be:
  11. The basic and essential economic problems in a community are related to choice and:
  12. The situation in between the extremes of the govt. controlled, planned economy and the perfectly free,…
  13. Marginal utility equals:
  14. The act of producing the output from more than one plant is concerned with:
  15. A monopoly producer has:
  16. In centralized cartel, the firms are like:
  17. In sweezy model (kinked demand curve model), the overall increase in costs of production:
  18. Opportunity costs are also known as:
  19. To get more revenue, a Finance Minister impose tax on that commodity which has:
  20. The line from the origin to a point on an isoquant shows:
  21. Engel curves shows that:
  22. The price consumption curve (PCC) for commodity X is the locus of points of consumer equilibrium resulting…
  23. Revealed Preference Theory was presented by:
  24. The main contribution of Prof. R.G.D.Allen is in the field of:
  25. If the commodity is normal then price effect is:
  26. If the demand curve is vertical then its slope is:
  27. The game theory takes into consideration:
  28. The demand of the necessities is:
  29. The Hicksian indirect utility function in the form of equation is:
  30. Change in quantity demanded refers to: