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Neutral Technological Progress can be defined as:

A. Technological progress that causes to raise the marginal product of capital and labor in the same proportion

B. Technological progress that causes the marginal product of capital to increase relative to the marginal product of labor

C. Technological progress that causes the marginal product of labor to increase relative to the marginal product of capital

D. None of the above

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  1. Price discrimination is possible:
  2. In monopoly:
  3. Marginal Utility (MU) curve is always:
  4. Who finalized the model of imperfect competition?
  5. Cardinal approach includes arranging:
  6. The non-price competition cartel is a:
  7. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  8. If by doubling all inputs in the long run output is less than double, it is a case of:
  9. In collusive olligopoly, the firms may make:
  10. Rent is a creation of value, not of wealth who made this observation?
  11. Marginal cost curve cuts the average cost curve:
  12. Economics is a:
  13. Elasticity of Substitution (s) is defined as:
  14. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  15. Karl Marx:
  16. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  17. Law of Substitution in production was presented by:
  18. Cross-elasticity of demand or cross-price elasticity between two perfect complements will be:
  19. On the total utility curve the economically relevant range is the portion over which:
  20. Ceteris paribus clause in the law of demand means:
  21. According to current thinking, the law of diminishing returns applies to:
  22. If we measure the elasticity of demand with the help of the average and marginal revenue, the formula…
  23. In Edgeworth model, if price falls below competitive price, the demand is:
  24. The marshallian demand curve includes:
  25. In economics, Externality means:
  26. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  27. Demand is elastic when the coefficient of elasticity is:
  28. In short run, a firm can change its:
  29. Moving down along a linear demand curve:
  30. When a consumer is in equilibrium then slope of indifference curve is: