In Revealed Preference Theory, a consumer reveals preference for bundle of:
Two goods
A few goods
One good
Many goods
- Who is the author of Problems of Capital Formation in Underdeveloped Countries?
- In monopolistic competition, the firms follow:
- In the case of superior (normal) commodity, the income elasticity of demand is:
- Which of the following curves is a rectangular hyperbola?
- The long run average cost curve is:
- In monopolistic competition, because of difference in choices, the firm charges:
- When elasticity of demand is less than one (e
- Which of the following models are associated with non-collusive oligopoly?
- In income effect, we:
- The difference between average total cost and average fixed cost shows:
- Which of the following is not an explicit cost of production?
- Change in demand refers to:
- When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there…
- An economic theory is :
- If a ten percent increase in price causes a ten percent reduction in quantity demanded, elasticity of…
- Of the following, which one is a characteristic of monopolistic competition?
- Production indifference curve (isoquant) is a curve which shows:
- The standard form of demand function is:
- Variable costs refer to:
- Total costs in the short-term (short-run) are classified into fixed costs and variable costs. Which…
- In economics, Externality means:
- If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
- At the point where the straight line from the origin is tangent to the TC curve, AC is:
- The supply curve for the short-run competitive firm is the same as:
- Rational economic behavior on the part of the consumer means that he will:
- In long run competitive equilibrium:
- Normal profits are considered as:
- There is no difference between fixed and variable factors in the:
- Identify the work of T.W.Schultz:
- According to Smith, by value we mean the value with respect to use, and the price we mean the value…