Opportunity costs are also known as:
Spill-over costs
Money costs
Alternative costs
External costs
- In monopolistic competition, because of difference in choices, the firm charges:
- The demand for cigarettes is price inelastic implying a unit tax on this commodity will
- Isocost line shows the combinations of labor and capital where a firms budget is:
- When sales tax is imposed on monopolist, its:
- The demand curve of giffen goods will be:
- The longer the period of time, the elasticity of supply will be:
- If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
- Which of the following is not a property of indifference curve?
- If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
- The optimal strategy for a player is termed as:
- Substitution effect means a consumer
- If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:
- The short-run periods in monopolistic competition are:
- The equilibrium of a firm is determined by the equality of MC and MR in only:
- A firm is a sum of persons who convert:
- Pure monopoly exists:
- The normal long-run average cost curve is influenced by the:
- Variable costs refer to:
- We can measure consumers surplus with the help of
- In cournot model firms:
- The cournot model is a model of:
- Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
- The main contribution of Alfred Marshal is in the field of:
- The production possibility curve (PPC) is concerned with:
- When a consumer is in equilibrium then slope of indifference curve is:
- The production function of homogeneous of degree one (n=1) is also called:
- The main objective of the firm is to:
- Indifference curves reflect:
- Each firm in cournot model starts selling:
- The firm is said to be in equilibrium when the difference between revenue and cost is: