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In short run, a firm can change its:

A. Total production

B. Fixed production

C. Variable production

D. None of the above

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

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  1. In economics, Externality means:
  2. The Prisoners Dilemma was presented by A.W.Tucker in:
  3. Economic problems arise because:
  4. The non-price competition cartel is a:
  5. The firm is said to be in equilibrium when the difference between revenue and cost is:
  6. Government planners play a central role in allocating resources:
  7. Each firm in cournot model can:
  8. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  9. A budget line shows:
  10. One way the government can induce a monopolist to expand his output is by imposing:
  11. Which is the first-order condition for the profit of a firm to be maximum?
  12. The isoquant approach is based upon:
  13. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  14. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  15. Which of the following curves is a rectangular hyperbola?
  16. The horizontal demand curve for a commodity shows that its demand is:
  17. The relationship between MC and MP shown by the marginal cost concept is:
  18. In a socialist (communist) economy the invisible hand:
  19. Who wrote Economics of Imperfect Competition?
  20. The feasible part of the demand curve for the monopolist who is charging high price will be:
  21. The greater the percentage of income spent on a commodity:
  22. The alternative of profit maximization theory is:
  23. Each firm in cournot model assumes that its competitor will:
  24. A budget line shows:
  25. According to M.Kalecki, the true measure of the degree of monopoly power is the:
  26. The fundamental choices that a society must make about the use of its resources include:
  27. The effect of consumer boycotts usually is:
  28. If production increases under increasing returns to scale, the cost will:
  29. The substitution effect works to encourage a consumer to purchase more of a product when the price of…
  30. When the output of a firm is increasing, its average fixed cost: