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Social costs equal private costs when:

A. Marginal cost is zero

B. Total cost is zero

C. External costs are zero

D. Average costs are zero

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

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  1. A mixed economy is characterized by the coexistence of:
  2. An individual consumers demand is not determined by:
  3. Whish of the following represents the average revenue curve of a firm?
  4. Increasing returns is not caused by:
  5. A monopolist:
  6. Identify the work of Irving Fisher:
  7. Law of Variable Proportions is regarding in:
  8. Which of the following is an implicit cost of production?
  9. MRSxy measures:
  10. We can measure consumers surplus with the help of
  11. In second degree price discrimination, monopolist takes away :
  12. The main objective of the firm is to:
  13. Perfect competition assumes:
  14. Each firm in cournot model can:
  15. Under price discrimination, the buyers must:
  16. Two policy variables, product and selling activities in the theory of firm was introduced by:
  17. Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
  18. The Tit for Tat strategy means cooperation by the 2nd firm if:
  19. Economic laws are:
  20. According to Marshal, the Law of Diminishing Marginal Utility:
  21. Whenever a group of monopolistic competitors attains equilibrium, the firms in this group usually:
  22. The demand of the necessities is:
  23. The price consumption curve (PCC) for commodity X is the locus of points of consumer equilibrium resulting…
  24. Increasing return to scales can be explained in terms of:
  25. The central problem of economics is:
  26. In microeconomics, we study:
  27. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  28. Identify the economist who first developed the theory of income determination in its modern form:
  29. A monopolist is:
  30. The budget line is described by each of the following except: