Marginal utility is only meant for:
Half utility
Full utility
Additional utility
Multiplied utility
- If the price of coffee increases, you would predict that:
- 4.The Law of Diminishing Returns according to the modern view, applies to:
- Indifference curves reflect:
- The basic subject matter of economics is:
- In monopolistic competition, the firms follow:
- Who is the author of Problems of Capital Formation in Underdeveloped Countries?
- The general markets results from the imposition of price ceilings has been:
- According to Marshal, the Law of Diminishing Returns is applicable to:
- Marginal utility equals:
- The supply curve for the short-run competitive firm is the same as:
- When SAC curve rises, SMC curve lies its:
- Under perfect competition, a firm will be in equilibrium if:
- A monopolist:
- Supply of a commodity refers to:
- One way the government can induce a monopolist to expand his output is by imposing:
- Demand of a commodity is elastic when:
- In dominant price leadership model, the small firms are like:
- From the resource allocation view point, perfect competition is preferable because:
- The concept of period refers to:
- The number of sellers in oligopoly are:
- Which one of the following has been the most influential work of F.H.Knight?
- Perfect competition implies:
- When was Adam Smiths major work An Enquiry into the Nature and Causes of Wealth of Nations published?
- A monopoly producer has:
- The Law of Diminishing Marginal Returns can be explained in terms of:
- In general, most of the production functions measure:
- In the case of an inferior good, the income effect:
- If two goods are complements then indifference curve (IC) will be:
- The marginal revenue of a perfectly competitive firm is:
- Monopoly means: