Indifference curve represents:
Only two commodities
Only three commodities
More than three commodities
Any number of commodities
- Marginal Utility (MU) curve is always:
- When total revenue is maximum in monopoly, elasticity of demand is:
- Production indifference curve (isoquant) is a curve which shows:
- According to Chamberlin, the activity of a monopolistic competitive firm:
- Production function shows:
- Price leadership is associated with:
- The Prisoners Dilemma was presented by A.W.Tucker in:
- Who wrote Economics of Imperfect Competition?
- Marshallian approach is also known as:
- One way the government can induce a monopolist to expand his output is by imposing:
- Market allocation fundamentally relies upon:
- Total variable cost curve:
- A market-clearing price:
- If the price of a product falls then quantity demanded tends to increase ceteris paribus because:
- The relationship between MC and MP shown by the marginal cost concept is:
- In case of perfect competition, TR curve rises at a:
- A firm is a sum of persons who convert:
- A monopolist:
- MC curve is:
- Who introduced the concept of Elasticity of Demand into economic theory?
- Who is the founder of classical school of thought?
- By reducing the prices of its products below those of its competitors, a perfectly competitive seller:
- Rational economic behavior on the part of the consumer means that he will:
- The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…
- In terms of price, the indirect utility function may be:
- The marginal revenues are derivatives of:
- Marginal utility equals:
- Supply of a commodity refers to:
- Even in the long-run equilibrium, the pure monopolist can make abnormal profits because of:
- All the firms with identical costs under perfect competition well, in the long-run, earn only: