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MC = MR = AC = AR shows the long run equilibrium position of the:

A. Competitive firm

B. Oligopolistic firm

C. Monopolist firm

D. None of the above

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  1. The slope of isocost line (budget line) shows:
  2. Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
  3. Income-elasticity of demand is expressed as:
  4. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  5. When a consumer reached at the point of saturation then marginal utility (MU) is:
  6. If the price of Pepsi Cola goes down, you would predict:
  7. Slope of a demand curve is:
  8. The consumer is in equilibrium at the where:
  9. Using total revenue and total cost, a profit maximizing firm will be equilibrium at a point:
  10. If production increases under constant returns to scale, the cost will:
  11. The supply curve for the short-run competitive firm is the same as:
  12. According to Robbins, economics is a:
  13. Identify the author of The Principles of political Economy and Taxation:
  14. A firm considering what type of new plant to build is involved in a:
  15. The giffen paradox is an exception to law of:
  16. The demand of the necessities is:
  17. A mixed economy is characterized by the coexistence of:
  18. In terms of price, the indirect utility function may be:
  19. In short-run, in monopolistic competition, a firm earns:
  20. Who wrote An Introduction to Positive Economics?
  21. A market demand curve presumes that:
  22. Who is the author of Choice of Technique?
  23. When total revenues equal to total opportunity cost then the firm will earn:
  24. In dominant strategies I am doing the best, I can no matter:
  25. Elasticity of Substitution (s) is defined as:
  26. Of the following commodities, which has the lowest price-elasticity of demand?
  27. The feasible part of the demand curve for the monopolist who is charging high price will be:
  28. The slope of marshallian demand curve is:
  29. Price elasticity of demand can be measured in the following way:
  30. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…