Marshalls definition of economics was strongly criticised by:

A. Adam Smith

B. Prof.Pigno

C. Prof. Robbins

D. J.B.Clark

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

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  1. Who introduced the concept of Elasticity of Demand into economic theory?
  2. The main objective of the firm is to:
  3. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  4. In a perfectly competitive market, suppliers must know:
  5. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:
  6. Duopoly is a market where there are:
  7. In Recardian theory of value, the stress has been made on:
  8. Excess capacity is concerned with the:
  9. When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…
  10. Micro economics is concerned with:
  11. In non-constant sum game (non-zero sum game), if there are two parties then:
  12. In perfectly competitive markets, the profit maximization rule can be represented by:
  13. Contraction in demand occurs when:
  14. The output where TC = TR & AC = AR:
  15. If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
  16. Marginal utility equals:
  17. The number of sellers in duopoly is:
  18. The difference between average cost and average revenue is:
  19. In second degree price discrimination, monopolist takes away :
  20. Which of the following models are associated with non-collusive oligopoly?
  21. The budget-line is also known as the:
  22. Ordinal approach includes arranging:
  23. In Edgeworth model, price remains:
  24. Total costs are:
  25. In monopolistic competition, the individual demand curve is also known as:
  26. In the case of superior (normal) commodity, the income elasticity of demand is:
  27. In real life, brand loyalty is a barrier to:
  28. Price discrimination is undertaken with the aim of:
  29. Rational economic behavior on the part of the consumer means that he will:
  30. According to Marshallian approach, utility: