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Marginal cost is found with the help of changes in:

A. Total cost or total variable cost

B. Total explicit cost

C. Total fixed cost

D. Total implicit cost

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  1. A firm considering what type of new plant to build is involved in a:
  2. Suppose income increases by 10% and demand for commodity increases by 5% then the income elasticity…
  3. In real life firms:
  4. A market demand curve presumes that:
  5. The difference between accounting profits and economic profits is:
  6. The costs faced by the firm against fixed factors are:
  7. A demand curve which is horizontal and parallel to x-axis represents:
  8. The difference between the average total cost and average variable cost as output increases will:
  9. The output where TC = TR & AC = AR:
  10. The imaginary differentiation is attributed to difference in:
  11. In the case where two commodities are good substitutes then cross elasticity will be:
  12. In case of perfect competition, TR curve rises at a:
  13. An inferior good/ commodity is inferior for:
  14. The water diamond paradox was firstly resolved with the help of:
  15. The main contribution of Malthus is in the field of:
  16. If the commodity is inferior then Income Effect (I.E) is:
  17. Increase in demand occurs when:
  18. Quantity demanded or supplied is measured in:
  19. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  20. In perfectly competitive markets, the profit maximization rule can be represented by:
  21. If the price of product A decreases and in the result the demand for product B increases then we can…
  22. In real life, brand loyalty is a barrier to:
  23. The pay-off matrix shows:
  24. Price-taker firms:
  25. Change in quantity demanded refers to:
  26. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  27. Who is the author of Choice of Technique?
  28. In dominant price leadership model, the small firms are like:
  29. The study of economic theory for the sake of certain objective is called:
  30. In Revealed Preference Theory, a consumer reveals preference for bundle of: