In sweezy model (kinked demand curve model), the role of MC curve:

A. Can be ignored

B. Cannot be ignored

C. Partially be ignored

D. None of the above

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  1. The main contribution of Alfred Marshal is in the field of:
  2. At a point below the middle of a straight line demand curve, elasticity of demand is:
  3. If the commodity is normal then fall in price will result in:
  4. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  5. J.R.Hicks was:
  6. Kinked Demand Curve is consistent with which one of the following market situations?
  7. A budget line shows:
  8. In the long-run competitive equilibrium, the theory predicts that:
  9. In case of perfect competition, TR curve rises at a:
  10. Extension (expansion) of demand means:
  11. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  12. If production increases under increasing returns to scale, the cost will:
  13. Loanable funds theory of Interest was developed by:
  14. Which of the following theories of trade cycle was presented by William Jevons?
  15. To attain maximum profits during short-run a firm should produce the output that will:
  16. Profits of a firm will be calculated taking into account the units produced and the difference between:
  17. In sweezy model (kinked demand curve model), the overall increase in costs of production:
  18. A high value of cross-elasticity indicates that the two commodities are:
  19. In monopolistic competition, the firms follow:
  20. In substitution effect, we:
  21. Equilibrium of a firm represents maximization of profits as well as:
  22. The general form of Cobb-Douglas production function is:
  23. The marginal revenues are derivatives of:
  24. The slutsky demand curve includes:
  25. An effective price ceiling usually results in:
  26. The marshallian demand curve includes:
  27. The goods sold by firms under monopolistic competition are technological as well as:
  28. Demand is consumers:
  29. When total product falls:
  30. If a good is an inferior good then an increase in incomes of the consumers will: