The budget-line is also known as the:
Iso-utility curve
Production possibility line
Isoquant
Consumption possibility line
- Who wrote An Introduction to Positive Economics?
- All of the following are capital resources except:
- The CES production function shows:
- According to Marshal, the Law of Diminishing Returns is applicable to:
- Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
- In case of monopoly, when total revenue is maximum:
- If the demand curve is inelastic then:
- Who wrote Mathematical Analysis for Economists?
- A price is a ratio of exchange between:
- The Hicksian demand curve includes:
- The general form of Cobb-Douglas production function is:
- If a good is an inferior good then an increase in incomes of the consumers will:
- The main contribution of Malthus is in the field of:
- The MRTS along an iso-quant goes on to:
- The slope of marshallian demand curve is:
- A fall in demand for the product under monopolistic competition will likely result in:
- According to Marginalists, the price of any commodity is determined by:
- The total utility is gained by consuming:
- According to Chamberline, in monopolistic competition, differentiation is determined by:
- Of the following, which one is a characteristic of monopolistic competition?
- Price is measured in:
- When was Adam Smiths major work An Enquiry into the Nature and Causes of Wealth of Nations published?
- The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
- We can find total utility by:
- MC = MR = AC = AR shows the long run equilibrium position of the:
- If the commodity is normal then Income Effect (I.E) is:
- According to Marshallian approach, utility:
- The isoquant approach is:
- Two policy variables, product and selling activities in the theory of firm was introduced by:
- Total utility and price are: