Marshallian demand function is also known as:

A. Utility demand function

B. Compensated demand function

C. Collective demand function

D. Relative demand function

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  1. In short run:
  2. Decrease in demand results in:
  3. At the shut-down point in perfect competition:
  4. To calculate the elasticity of demand, which of the following formula is used?:
  5. In the short-run, in which one of the following situations would a competitive seller close down (shut-down)?
  6. Under price discrimination, the buyers must:
  7. In Edgeworth model, price remains:
  8. General Equilibrium deals with the equilibrium of the:
  9. When the law of demand operates the demand curve:
  10. The spending of money by the producer to influence consumers is an example of:
  11. If demand increased and supply decreased then:
  12. Price elasticity of demand can be measured in the following way:
  13. The ordinal approach was presented by:
  14. Marginal utility (MU) always:
  15. Which is the first-order condition for the profit of a firm to be maximum?
  16. Who is the author of Trade Cycle ?
  17. A firm can never produce in the middle area of input space, in case of:
  18. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  19. If the price of a product falls which of the following would occur?
  20. Most of the supply curves with which the average consumer deals are:
  21. The marginal revenue of a perfectly competitive firm is:
  22. The Cambridge School of Thought refers to the group of English economists who came under the influence…
  23. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  24. The maximization of output subject to cost requires equilibrium at the:
  25. If the supply curve is not a straight line but curvilinear, the elasticity on all points of the supply…
  26. For the given production function, technical inefficiency is defined as:
  27. Production function shows:
  28. If the supply and demand increases equally, the price will:
  29. Income-elasticity of demand is expressed as:
  30. Scarcity means: