In perfectly competitive markets, the profit maximization rule can be represented by:





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  1. If the commodity is normal then price effect is:
  2. All of the following curves are U-Shaped except:
  3. In the immediate run:
  4. Average cost means:
  5. Perfect competition implies:
  6. In perfectly competitive markets, the profit maximization rule can be represented by:
  7. Price leadership is associated with:
  8. If the supply and demand increases equally, the price will:
  9. Price discrimination occurs when:
  10. The cost of one thing in terms of the alternative given up is known as:
  11. When SAC curve rises, SMC curve lies its:
  12. In the theory of firm, Chamberline presented the idea of:
  13. The cobweb model will convergent when the slope of:
  14. Which of the following is not a characteristic of a perfectly competitive market?
  15. The water diamond paradox was firstly resolved with the help of:
  16. An indifferent curve shows:
  17. The maximization of output subject to cost requires equilibrium at the:
  18. The word ECONOMICS is derived from the Greek terms meanings:
  19. If a firm is producing output at a point where diminishing returns have set in, this means that:
  20. Each short run average cost curve:
  21. The total utility (TU) curve is:
  22. The average cost curve is a geometrical illustration of:
  23. If the commodity is inferior then:
  24. In dominant price leadership model, the small firms are like:
  25. An indifference curve shows the bundles of two goods among which a consumer remains:
  26. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  27. Excess capacity is concerned with the:
  28. The slutsky demand curve includes:
  29. The long-run average cost is based on the fact that:
  30. Labor Saving Technological Progress can be defined as: