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Market allocation fundamentally relies upon:

A. A system of relative prices

B. A belief that employees work for the good of society

C. Government ownership of the means of production

D. Moral incentives to encourage productive efficiency

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

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  1. At the shut-down point in perfect competition:
  2. A loss bearing firm will continue to produce in the short run so long as the price at least covers:
  3. If two households have identical preferences but different incomes then:
  4. The cournot model is a model of:
  5. Price mechanism has also given the name:
  6. In Edgeworth model, if price falls below competitive price, the demand is:
  7. Marginal Utility (MU) curve is always:
  8. When elasticity of demand is less than one (e
  9. If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:
  10. The average fixed cost (AFC) curve is asymptote to:
  11. The pay-off matrix shows:
  12. Karl Marx:
  13. Now-a-days in real life, we are unable to fined:
  14. In short run:
  15. 4.The Law of Diminishing Returns according to the modern view, applies to:
  16. Who wrote An Introduction to Positive Economics?
  17. Money spent by a firm on the purchase of capital equipment is:
  18. From analysis, it is clear that both Marshal and Walras market models are:
  19. Which of the following models are associated with non-collusive oligopoly?
  20. Income distribution effects:
  21. The MC curve cuts the AVC and ATC curves:
  22. The Lambda or Langrange Multiplier is a:
  23. Average cost means:
  24. Contraction in demand occurs when:
  25. The cobweb model will divergent when the slope of:
  26. Elasticity (E) expressed by the term, 8 >E>1, is:
  27. Utility is a function of:
  28. The Chamberline model recognizes mutual:
  29. A significant property of the Cobb-Douglas production function is that the elasticity of substitution…
  30. The effects according to which people use those goods which are concerned with distinctive standard…