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Ordinal approach includes arranging:

A. The different combinations of X and Y in any way the consumer wants

B. The different combinations of X and Y higher and lower and measuring the difference of utility between them

C. The different combinations of X and Y higher and lower and not measuring the difference of utility between them

D. None of above

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

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  1. Moving along an indifference curve leaves the consumer:
  2. Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
  3. The general form of Cobb-Douglas production function is:
  4. Consumers are likely to get a variety of similar goods under:
  5. In monopolistic competition, if a firm lowers its price, the rival firms will:
  6. The CES production function shows:
  7. By reducing the prices of its products below those of its competitors, a perfectly competitive seller:
  8. Which of the following models are associated with non-collusive oligopoly?
  9. The maximization of output subject to cost requires equilibrium at the:
  10. The factors of production in perfect competition are:
  11. The average product is given as:
  12. The Cambridge School of Thought refers to the group of English economists who came under the influence…
  13. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  14. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  15. The production function of homogeneous of degree one (n=1) is also called:
  16. At low prices, demand is likely to be:
  17. The proportionality rule in production requires that the ratios of MP and factor prices are:
  18. When the income of consumer increases then budget line will:
  19. In sweezy model (kinked demand curve model), the overall increase in costs of production:
  20. In modern theory, LAC = LMC after the attainment of:
  21. Variable costs refer to:
  22. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  23. The number of sellers in oligopoly is:
  24. The slope of an iso-quant represents:
  25. In case of monopoly, the slope of MR is:
  26. A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
  27. The slope of budget line shows the price ratios of:
  28. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  29. Which of the following curves is a rectangular hyperbola?
  30. Which is the other name that is given to the average revenue curve?