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The basic and essential economic problems in a community are related to choice and:

A. Freedom

B. Scarcity

C. Social class

D. Politics

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

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  1. A loss bearing firm will continue to produce in the short run so long as the price at least covers:
  2. Marginal utility equals:
  3. The basic and essential economic problems in a community are related to choice and:
  4. If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
  5. MC = MR = AC = AR shows the long run equilibrium position of the:
  6. Price discrimination occurs when:
  7. On a straight line demand curve, elasticity of demand at the midpoint is:
  8. In market sharing cartel model, cartel determines the shares of:
  9. The game theory takes into consideration:
  10. A good tends to have relatively inelastic demand, if:
  11. Indifference curves reflect:
  12. The necessary condition of firms equilibrium requires:
  13. A monopoly producer has:
  14. MC curve is:
  15. Social costs equal private costs when:
  16. Who first formulated the Marginal Productivity Theory of Distribution?
  17. The proportionality rule in production requires that the ratios of MP and factor prices are:
  18. On an indifference map higher indifference curves show:
  19. In the real world, some competitive firms owns specialized resources that earn a return called:
  20. Marginal cost is the cost:
  21. If two goods have same marginal utility for a consumer then:
  22. The slope of an iso-quant represents:
  23. Which of the following formulae explain the term average revenue?
  24. A market demand curve presumes that:
  25. The production techniques are technically efficient:
  26. Identify the economist who first developed the theory of income determination in its modern form:
  27. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  28. Iso-product curve (isoquant) shows:
  29. The Law of Equi-Marginal Utility states:
  30. The isoquant approach is based upon: