In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
With using indifference curves
With using MRS
Without using indifference curve
None of the above
- Now-a-days in real life, we are unable to fined:
- The firm in cournot model:
- In case of budget line, we get pairs of two goods where consumers income is:
- The price under perfect competition is settled by:
- According to classical approach, utility can be:
- If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
- The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
- If the price of coffee increases, you would predict that:
- The law of demand is most directly a result of:
- The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
- Identify the economist who first developed the theory of income determination in its modern form:
- Marginal utility equals:
- The marginal revenues are derivatives of:
- If two goods are perfect substitutes then IC will be:
- Which is not a central problem of an economy?
- The consumer is in equilibrium at the where:
- In cournot model, firms sell:
- Utility is a function of:
- The slope of the iso-cost line (budget line) is determined by:
- Labor theory was firstly rejected by:
- Income effect operates through an increase
- Economic problems arise because:
- For monopolistic competitive firm:
- Money spent by a firm on the purchase of capital equipment is:
- The giffen paradox is an exception to law of:
- Price elasticity of demand is best defines as:
- Revealed Preference Theory was presented by:
- The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
- The effect of consumer boycotts usually is:
- When total revenue (TR) falls in monopoly then elasticity of demand is: