In short run:

A. Labor is variable

B. Labor is fixed

C. Capital is variable

D. None of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  2. When a consumer is in equilibrium then slope of indifference curve is:
  3. If the commodity is normal then Income Effect (I.E) is:
  4. The ordinal approach was presented by:
  5. The average product is given as:
  6. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  7. The concept of period refers to:
  8. Which of the following is called Gossens first law?
  9. In modern theory of costs, a firm normally utilizes:
  10. If the commodity is normal then fall in price will result in:
  11. The giffen paradox is an exception to law of:
  12. When elasticity of demand is one (e=1), then following the formula MR=P[1-1/e], the MR will:
  13. According to Cobb-Douglas, in production function the marginal product of labor is:
  14. AR curve under perfect competition:
  15. According to Marshal, the Law of Diminishing Returns is applicable to:
  16. Which of the following is not a feature of isoproduct curves?
  17. From analysis, it is clear that both Marshal and Walras market models are:
  18. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  19. The shape of the TC curve is:
  20. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
  21. We can find total utility by:
  22. With the change in the factor prices, the slope of the expansion path will:
  23. The budget constraint equation of the firm is:
  24. Perfect competition assumes:
  25. Which describes a competitive market?
  26. The concept of industry in monopolistic competition has been replaced by:
  27. Elasticity of demand is equal to unity while marginal revenue is:
  28. If the commodities X and Y are perfect complements then:
  29. The game theory concentrates on:
  30. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?