Hydraulic function

Cubic function

Pentagonic function

Quadratic function

**The difference between average total cost and average fixed cost shows:****Repetition of a game (Repeated Game):****If a firm is producing output at a point where diminishing returns have set in, this means that:****If a consumer buys a product that costs Rs.3 and provides an additional 18 units of satisfaction, then…****In a socialist (communist) economy the invisible hand:****A monopolist is:****7.In an economy based on the price system the decision on what shall be produced is made by:****Increasing return to scales can be explained in terms of:****In modern theory of costs, a firm normally utilizes:****Which of the following is assumed to be constant when drawing a demand curve?****If the increase in demand is more than the increase in supply, the price will:****Any straight line supply which cuts the x-axis will have:****The relationship between AC and MC curves depend upon the behavior of:****The short-run supply curve of the perfectly competitive firm is given by:****In second degree price discrimination, monopolist takes away :****With an increase in income, consumer is expected to buy more of:****Income distribution effects:****Average cost curve contains in it:****Normal profits are considered as:****The point on which the average cost is minimum in a firm, short run average cost curve will also be…****MC is given by:****Identify the work of T.W.Schultz:****The elasticity of demand is equal to slope of demand function divided by:****When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…****Profits of a firm will be calculated taking into account the units produced and the difference between:****A shift in the demand for a product is likely to result from a change in:****Law of variable proportions is based on the assumption of:****The external economies of scale experienced by a firm include the:****Under conditions of perfect competition, price in the long-run is equal to:****The cobweb model will convergent when the slope of:**