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MRSxy measures:

A. The amount of Y a consumer is willing to give up to obtain one additional unit of X and still remain on the same indifference curve

B. The amount of X a consumer is willing to give up to obtain one additional unit of Y and still remain on the same indifference curve

C. The amount of Y a consumer is willing to give up to obtain one additional unit of X and move to a higher indifference curve

D. The amount of X a consumer is willing to give up to obtain one additional unit of Y and move to a higher indifference curve

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

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  1. The imaginary differentiation is attributed to difference in:
  2. In the range of excess capacity, the average costs are:
  3. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  4. The monopolist often lead to exploitation of:
  5. In joint-profit maximization cartel, central agency sets the:
  6. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  7. The Tit for Tat strategy means cooperation by the 2nd firm if:
  8. The market demand shedule is determined by:
  9. Increasing return to scales can be explained in terms of:
  10. Which of the following is not a characteristic of a perfectly competitive market?
  11. Total Utility (TU) curve:
  12. Which of the following is the work of A.C.Pigou?
  13. The average product is given as:
  14. The critics of Sweezy model say that kink generates:
  15. The basic subject matter of economics is:
  16. By scarcity the economist means that all goods are scarce relative the peoples:
  17. The factors of production in perfect competition are:
  18. Identify the work of T.W.Schultz:
  19. In income effect, we:
  20. On all points of budget (price) line:
  21. Increase in demand occurs when:
  22. In modern theory of costs, a firm normally utilizes:
  23. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  24. If a firm produces zero output in the short period then which statement is true?
  25. A typical demand curve cannot be:
  26. The short-run periods in monopolistic competition are:
  27. In monopolistic competition, the cost curves of all firms are:
  28. Who is the founder of classical school of thought?
  29. In centralized cartel, the firms are like:
  30. If the marginal utility is divided by the price of the commodity then it is called: