Stable cobweb model is a:

A. Simple model

B. Dynamic model

C. Both of them

D. None of them

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  1. The cost of production is faced by a:
  2. If the commodity is normal then Income Effect (I.E) is:
  3. Marginal Utility (MU) curve is always:
  4. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  5. When there is decrease in demand the demand curve:
  6. The law of demand is most directly a result of:
  7. The market demand shedule is determined by:
  8. If the commodities X and Y are perfect complements then:
  9. Identify the author of The Affluent Society?
  10. A shift in the demand for a product is likely to result from a change in:
  11. The average product is given as:
  12. The cournot model is a model of:
  13. The Strategy of Economic Development is the work of:
  14. Economic problems arise because:
  15. A monopolist is able to maximize his profit when:
  16. The budget constraint can be written as:
  17. In Prisoner Dilemma, the best choice of strategy is:
  18. Identify the work of T.W.Schultz:
  19. The firm in cournot model:
  20. Which of the following goods is most likely to be exchanged in a market of local rather than national…
  21. The total utility (TU) curve is:
  22. The Substitution Effect (S.E) is always:
  23. MRSxy measures:
  24. According to M.Kalecki, the true measure of the degree of monopoly power is the:
  25. Which of the following is the work of A.C.Pigou?
  26. Under perfect competition, at equilibrium, marginal cost is:
  27. The slope of an iso-quant represents:
  28. The utility function u = f(x) is based upon :
  29. The indirect utility function is a homogeneous function of:
  30. There is no difference between fixed and variable factors in the: