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In the modern theory of costs, the level of production which the firm considers feasible is known as:

A. Input factor

B. Heavy factor

C. Output factor

D. Load factor

Correct Answer : D.


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  3. When a consumer is in equilibrium then slope of indifference curve is:
  4. If a good is an inferior good then an increase in incomes of the consumers will:
  5. The fixed cost of a firm:
  6. If the commodity is normal then Income Effect (I.E) is:
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  9. In Nash equilibrium, a player:
  10. If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
  11. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  12. The entry of new firms in cournot model is:
  13. When the output of a firm is increasing, its average fixed cost:
  14. Under perfect competition, a firm will be in equilibrium if:
  15. In case of budget line, we get pairs of two goods where consumers income is:
  16. In cournot model firms:
  17. Which of the following statement is wrong?
  18. Which of the following formula determine the income elasticity of demand?:
  19. Most of the supply curves with which the average consumer deals are:
  20. When total revenue (TR) falls in monopoly then elasticity of demand is:
  21. When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…
  22. The firm in cournot model:
  23. Under perfect competition, the average revenue, marginal revenue and price are shown:
  24. Nash equilibrium says:
  25. In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
  26. If the demand curve is inelastic then:
  27. Who finalized the model of monopolistic competition?
  28. Firms average and marginal revenues are equal under:
  29. The competitive equilibrium leads to:
  30. The real income of a consumer is income in terms of: