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In the range of excess capacity, the average costs are:

A. Maximum

B. Minimum

C. Equal to one

D. Equal to zero

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  1. If the commodities X and Y are perfect substitutes then:
  2. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  3. The costs faced by the firm against variable factors are:
  4. The critics of Sweezy model say that kink generates:
  5. Karl Marx:
  6. An inferior good/ commodity is inferior for:
  7. The reserve capacity in administration is advocated on the ground that demand for a product will:
  8. Supply of commodity is a:
  9. A profit-maximizing monopolist in two separate markets will:
  10. In 1932, The nature and significance of economic science was written by:
  11. Each SAC represents a particular level of:
  12. Change in demand refers to:
  13. The advertisement and other selling activities:
  14. The concept of industry in monopolistic competition has been replaced by:
  15. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  16. In cournot model firms:
  17. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  18. The engineering production function and engineering costs curves are concerned with the:
  19. The line from the origin to a point on an isoquant shows:
  20. In case of income effect, the level of consumers satisfaction rises when:
  21. The production techniques are technically efficient:
  22. If under perfect competition, in the short period, price does not cover the average cost completely,…
  23. Which cost increases continuously with the increase in production?
  24. The model which gives us information about price and output changes in different periods is:
  25. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  26. From the resource allocation view point, perfect competition is preferable because:
  27. Marginal revenue from a given output:
  28. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  29. If the consumers expect that the price of computers will decrease in next year then:
  30. When a consumer is in equilibrium then slope of indifference curve is: