Law of Substitution in production was presented by:

A. Classical economists

B. Keynes

C. Neo-classical economists

D. Karl Marx

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

You can do it
  1. Which of the following is an implicit cost of production?
  2. The relationship between AC and MC curves depend upon the behavior of:
  3. MRSxy measures:
  4. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity…
  5. In monopolistic competition, the firms have to face:
  6. Which is not an essential feature of a socialist economy?
  7. In perfect cartel, the:
  8. The indifference curve technique:
  9. In Prisoners Dillemma, the players are:
  10. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  11. Who is the author of Choice of Technique?
  12. Duopoly is a market where there are:
  13. After reaching the saturation point consumption of additional units of the commodity cause:
  14. A profit-maximizing monopolist in two separate markets will:
  15. When sales tax is imposed on monopolist, its:
  16. In discriminating monopoly (price discrimination), the elasticity of demand of product in two markets…
  17. Indifference curves reflect:
  18. When the law of demand operates the demand curve:
  19. In case of income effect, the level of consumers satisfaction rises when:
  20. Increasing returns is not caused by:
  21. In which case the elasticity shown by the different points of a curve is the same?
  22. The ordinal approach was presented by:
  23. Of the following, which one is a characteristic of monopolistic competition?
  24. To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
  25. In Nash Equilibrium:
  26. At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…
  27. If the commodity is normal then the Income Effect (I.E) and the Substitution Effect (S.E):
  28. The number of firms in monopolistic competition normally range between:
  29. If the commodity is normal then price effect is:
  30. General equilibrium is concerned with simultaneous equilibrium of: