Microeconomics deals with the:

A. Allocation of resources of the economy as between production of different goods and services

B. Determination of prices of goods and services

C. Behavior of industrial decision makers

D. All of the above

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

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  1. In the case where two commodities are good substitutes then cross elasticity will be:
  2. One common definition of a luxury good is a good with income elasticity:
  3. Elasticity of demand is equal to unity while marginal revenue is:
  4. Which of the following is not characteristic of perfect competition?
  5. With the change in the factor prices, the slope of the expansion path will:
  6. For the given production function, technical efficiency is defined as:
  7. When in a market, the number of buyers is very large and the number of sellers is very small, it is…
  8. In case the two commodities are complements, cross elasticity will be:
  9. A budget line shows:
  10. Price discrimination is possible:
  11. The slutsky demand curve includes:
  12. The indirect utility function is a homogeneous function of:
  13. Of the following commodities, which has the lowest price-elasticity of demand?
  14. Total variable costs in equation form are:
  15. Under which of the following forms of the market structure does a firm have no control over the price…
  16. Utility means:
  17. According to marginalistic rule, the profit maximization hypothesis requires:
  18. Total variable cost curve:
  19. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  20. The marginal revenue of a perfectly competitive firm is:
  21. Under the perfect competition, the transportation cost:
  22. If Cobb-Douglas production function is homogeneous of degree less than one (n
  23. The cost curves of the firm shift due to changes in:
  24. Which of the following is assumed to be constant when drawing a demand curve?
  25. Who wrote Mathematical Analysis for Economists?
  26. If as a result of an increase in prices, total outlay (expenditures) on a commodity decreases, its price-elasticity…
  27. Nash Equilibrium is stable:
  28. Which is not an essential feature of a socialist economy?
  29. The largest possible loss that a firm will make in the short run is:
  30. Two policy variables, product and selling activities in the theory of firm was introduced by: