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In Recardian theory of value, the stress has been made on:

A. Marginal cost

B. Production cost

C. Labor cost

D. Supply cost

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  1. Extension (expansion) and contraction of demand are result of:
  2. Total variable costs in equation form are:
  3. Who finalized the model of imperfect competition?
  4. Under competitive conditions, the industry will be in equilibrium:
  5. The isoquant which are generated by CES (constant elasticity of substitution) production function are…
  6. The short run cost curve is U shaped because of:
  7. Cross-elasticity of demand or cross-price elasticity between two perfect complements will be:
  8. The demand of the luxuries is:
  9. When elasticity of demand is less than one (e
  10. Profits of a firm will be calculated taking into account the units produced and the difference between:
  11. In cournot model, during the process of adjustment, the number of firms:
  12. Income-elasticity of demand is expressed as:
  13. Money spent by a firm on the purchase of capital equipment is:
  14. In case of monopoly, when total revenue is maximum:
  15. If in the long run all factor inputs are increased three times and the resulting output is four times…
  16. Who is the author of Trade Cycle ?
  17. One common definition of a luxury good is a good with income elasticity:
  18. Who developed the concept of Representative Firm?
  19. The monopolist who is producing the same output from two (or more than two) plants is concerned with:
  20. According to Leontief technology, there:
  21. Whish of the following represents the average revenue curve of a firm?
  22. To get more revenue, a Finance Minister impose tax on that commodity which has:
  23. Which is the other name that is given to the average revenue curve?
  24. Which of the following would be least likely to cause a consumer to eat less beef?
  25. Under the perfect competition, the transportation cost:
  26. The output where TC = TR & AC = AR:
  27. A demand schedule is shown as:
  28. Economics define technology as:
  29. Decrease in demand results in:
  30. Normally when price per unit of time falls: