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Marginal Utility (MU) curve is always:

A. Rising

B. Falling

C. Parallel to X-axis

D. Parallel to Y-axis

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  1. The imaginary differentiation is attributed to difference in:
  2. The utility function u = f(x) is based upon :
  3. When total revenue (TR) falls in monopoly then elasticity of demand is:
  4. If Cobb-Douglas production function is homogeneous of degree less than one (n
  5. If by doubling all inputs in the long run output is less than double, it is a case of:
  6. The feasible part of the demand curve for the monopolist who is charging high price will be:
  7. Marginal cost is the cost:
  8. With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
  9. The optimal strategy for a player is termed as:
  10. Which industries spend a relatively large share of their revenue on research and development in order…
  11. Marginal Productivity Theory deals with the theory of:
  12. Who finalized the model of monopolistic competition?
  13. A significant property of the Cobb-Douglas production function is that the elasticity of substitution…
  14. Nash equilibrium says:
  15. The nominal income of a consumer is income in terms of:
  16. The long run total cost is attained by:
  17. The price under perfect competition is settled by:
  18. Market allocation fundamentally relies upon:
  19. According to Diamond Water Paradox diamonds are more expensive than water because:
  20. The slope of isocost line (budget line) shows:
  21. Law of Variable Proportions is regarding in:
  22. Under pure monopoly, there will be:
  23. Income effect operates through an increase
  24. In monopolistic competition, the aim of the firm is to:
  25. In cournot model, during the process of adjustment, the number of firms:
  26. The giffen paradox is an exception to law of:
  27. The point where the supply and demand curves intersect on a graph determines:
  28. Decrease in demand results in:
  29. In the case of substitutes, the cross demand curve slopes
  30. The indirect utility function is a homogeneous function of: