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In terms of price, the indirect utility function may be:

A. Concave

B. Quasi-convex

C. Straight line

D. Convex

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

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  1. If the commodity is inferior then Income Effect (I.E) is:
  2. Market allocation fundamentally relies upon:
  3. Which of the following is not an explicit cost of production?
  4. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  5. If the commodity is normal then price effect is:
  6. The difference between laws of return and laws of return to scale is:
  7. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  8. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…
  9. When in a market, the number of buyers is very large and the number of sellers is very small, it is…
  10. Which industries spend a relatively large share of their revenue on research and development in order…
  11. The marshallian indirect utility function in the form of equation is:
  12. Utility is a function of:
  13. Who developed the concept of Representative Firm?
  14. Under which of the following forms of the market structure does a firm have no control over the price…
  15. The effect of consumer boycotts usually is:
  16. In case of monopoly, the price charged against the additional unit is:
  17. The marginal revenue of a perfectly competitive firm is:
  18. The difference between the average total cost and average variable cost as output increases will:
  19. Nash equilibrium says:
  20. The largest possible loss that a firm will make in the short run is:
  21. A firm can never produce in the middle area of input space, in case of:
  22. Revealed Preference Theory was presented by:
  23. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  24. The Modern and Neo-Keynsian Theory of Interestwas presented by:
  25. Which of the following is not a characteristic of a perfectly competitive market?
  26. When the income of consumer increases then budget line will:
  27. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  28. Efficient allocation of resources is achieved to a greater extent under:
  29. The Lambda or Langrange Multiplier is a:
  30. Cournot equilibrium is attained where two reaction curves: