Home

What is the correct answer?

4

Indifference curve represents:

A. Only two commodities

B. Only three commodities

C. More than three commodities

D. Any number of commodities

Correct Answer :

A. Only two commodities


Related Questions

A monopolist has control over the price he charges for his product. He… Change in demand refers to: The game theory is concerned with: A high value of cross-elasticity indicates that the two commodities are: By reducing the prices of its products below those of its competitors,… The supply curve would probably shift to the right if: Which is the correct statement? If two goods have same marginal utility for a consumer then: In monopoly and perfect competition, TC curves are: The budget constraint can be written as: A producer attains the least cost combination when the relation between… The longer the period of time, the elasticity of supply will be: The advertisement and other selling activities: Cross-elasticity of demand or cross-price elasticity between two independent… Identify the author of The Social Framework: J.R.Hicks was: An income demand curve of an inferior good is: In case of straight-line isoquant, the factors are not substituted because… After reaching the saturation point consumption of additional units of… Average cost means: When price decreases and with it the total outlay on a commodity also… In cournot model, firms face: The kinked demand curve comes into being where: A shift in the demand for a product is likely to result from a change… Identify the author of The Principles of political Economy and Taxation: Neutral Technological Progress can be defined as: The main contribution of Alfred Marshal is in the field of: If Cobb-Douglas production function is homogeneous of degree greater than… Under Bandwagon effects, people use those goods which are used by their: The minimization of costs subject to output requires equilibrium at the…