Marginal utility equals:

A. Slope of total utility curve

B. Slope of average utility curve

C. Slope of marginal utility curve

D. Slope of total revenue curve

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  1. The costs faced by the firm against variable factors are:
  2. The least cost combination of factors x , y and z will generally be the point at which:
  3. The marginal revenues are derivatives of:
  4. In the case of a normal goods, the income effect:
  5. According to Smith, by value we mean the value with respect to use, and the price we mean the value…
  6. The expansion point is attained by joining:
  7. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  8. The normal long-run average cost curve is influenced by the:
  9. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  10. In real life firms:
  11. In cournot model, firms face:
  12. According to translog production function, elasticity of substitution is:
  13. According to Saint Thomas Aquinas value is determined by God, but prices by:
  14. According to Chamberline, in monopolistic competition, differentiation is determined by:
  15. MRSxy measures:
  16. Which form of market structure is characterized by interdependence in decision-making as between the…
  17. The equilibrium of a firm is determined by the equality of MC and MR in only:
  18. Each SAC represents a particular level of:
  19. In terms of price, the indirect utility function may be:
  20. In monopolistic competition, the firms face:
  21. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  22. On all points of budget (price) line:
  23. In the case where two commodities are good substitutes then cross elasticity will be:
  24. Income-elasticity of demand is expressed as:
  25. The behavior of MC curve is determined by the behavior of the:
  26. Pure monopoly exists:
  27. Which of the following is not a characteristic of a perfectly competitive market?
  28. The Modern and Neo-Keynsian Theory of Interestwas presented by:
  29. The optimal strategy for a player is termed as:
  30. In cournot model, each firm makes decision regarding: