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Technological efficiency:

A. Is the same as economic efficiency

B. Is achieved when the output produced is maximum for the given level of inputs

C. Means that there is only one way to produce a given quantity of output

D. None of the above

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

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  1. The marginal revenues are derivatives of:
  2. Ceteris paribus clause in the law of demand means:
  3. Liquidity of Preference Theory was introduced by:
  4. Perfect competition implies:
  5. Which describes a competitive market?
  6. Which form of market structure is characterized by interdependence in decision-making as between the…
  7. Slope of a demand curve is:
  8. Consumer surplus is the difference between
  9. Which of the following is assumed to be constant when drawing a demand curve?
  10. One common definition of a luxury good is a good with income elasticity:
  11. Identify the author of The Principles of political Economy and Taxation:
  12. Which of the following oligopoly models is concerned with the maximization of joint profits?
  13. In cournot model, during the process of adjustment, the number of firms:
  14. Under monopolistic competition, the firms compete alongwith:
  15. The cobweb model will divergent when the slope of:
  16. Marshallian approach is also known as:
  17. Which of the following conditions is met in the long-run equilibrium in monopolistic competition, where…
  18. An inferior good/ commodity is inferior for:
  19. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  20. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  21. If the price of a product falls then quantity demanded tends to increase ceteris paribus because:
  22. In case of income effect, the level of consumers satisfaction rises when:
  23. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
  24. The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…
  25. For a few products such as insulin for diabetics,:
  26. The monopolist often lead to exploitation of:
  27. The demand curve slopes downwards due to:
  28. At high prices, demand is likely to be:
  29. The goods sold by firms under monopolistic competition are technological as well as:
  30. The budget constraint equation of the firm is: