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The central problem of economics is:

A. Declining productivity

B. Increasing consumption

C. Limited material wants

D. Limited resources and unlimited wants

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

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  1. In the immediate run:
  2. If a firm is producing output at a point where diminishing returns have set in, this means that:
  3. In short run:
  4. The MC curve cuts the AVC and ATC curves:
  5. We can find total utility by:
  6. When the output of a firm is increasing, its average fixed cost:
  7. The demand curve of ostentation goods (Veblen goods) will be:
  8. Variable costs refer to:
  9. Under monopolistic competition, the products sold by the firms are:
  10. Income-demand curve shows:
  11. An individual consumers demand is not determined by:
  12. The maximization of output subject to cost requires equilibrium at the:
  13. Economics define technology as:
  14. General equilibrium is concerned with simultaneous equilibrium of:
  15. Under which of the following forms of the market structure does a firm have no control over the price…
  16. In second degree price discrimination, monopolist takes away :
  17. The demand curve of a firm in monopolistic competition is:
  18. Which of the following pairs of commodities is an example of substitutes?
  19. The Substitution Effect (S.E) is always:
  20. Suppose income increases by 10% and demand for commodity increases by 5% then the income elasticity…
  21. According to M.Kalecki, the true measure of the degree of monopoly power is the:
  22. In case of monopoly, TR curve rises at a:
  23. The equilibrium of a firm is determined by the equality of MC and MR in only:
  24. In long run, a firm can change:
  25. In non-collusive oligopoly firms enter into:
  26. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  27. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  28. The slope of budget line shows the price ratios of:
  29. A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:
  30. In monopoly, new firms: