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In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :

A. With using indifference curves

B. With using MRS

C. Without using indifference curve

D. None of the above

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  1. Now-a-days in real life, we are unable to fined:
  2. The firm in cournot model:
  3. In case of budget line, we get pairs of two goods where consumers income is:
  4. The price under perfect competition is settled by:
  5. According to classical approach, utility can be:
  6. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  7. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  8. If the price of coffee increases, you would predict that:
  9. The law of demand is most directly a result of:
  10. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  11. Identify the economist who first developed the theory of income determination in its modern form:
  12. Marginal utility equals:
  13. The marginal revenues are derivatives of:
  14. If two goods are perfect substitutes then IC will be:
  15. Which is not a central problem of an economy?
  16. The consumer is in equilibrium at the where:
  17. In cournot model, firms sell:
  18. Utility is a function of:
  19. The slope of the iso-cost line (budget line) is determined by:
  20. Labor theory was firstly rejected by:
  21. Income effect operates through an increase
  22. Economic problems arise because:
  23. For monopolistic competitive firm:
  24. Money spent by a firm on the purchase of capital equipment is:
  25. The giffen paradox is an exception to law of:
  26. Price elasticity of demand is best defines as:
  27. Revealed Preference Theory was presented by:
  28. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  29. The effect of consumer boycotts usually is:
  30. When total revenue (TR) falls in monopoly then elasticity of demand is: