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The concept of period refers to:

A. A specific duration of time

B. A varying duration of time

C. A duration of time which permits necessary adjustments

D. A period with calculated intervals

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

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  1. Under monopolistic competition, the products sold by the firms are:
  2. If X and Y are close substitutes, a fall in price of X will lead to:
  3. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  4. Microeconomics is also known as:
  5. The low cost price leader will charge:
  6. MC curve is:
  7. The Lambda or Langrange Multiplier is a:
  8. Marginal utility (MU) always:
  9. In case of straight-line isoquant, the factors are not substituted because they are each others:
  10. The slutsky demand curve includes:
  11. The game theory concentrates on:
  12. Traditionally, the study of determination of price is called:
  13. While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer…
  14. The advantage of using indifference curves rather than marginal utilities is:
  15. Elasticity of supply means change in supply due to change in:
  16. The factors of production in perfect competition are:
  17. The total utility is gained by consuming:
  18. Marginal Utility (MU) curve is always:
  19. In price leadership, like leader, the follower firm may:
  20. According to Marginalists, the price of any commodity is determined by:
  21. The demand of the necessities is:
  22. The law of variable proportions comes into being when:
  23. Marginal utility equals:
  24. An increase in the price of the good measured on the horizontal axis causes:
  25. The relationship between AC and MC curves depend upon the behavior of:
  26. The cobweb model will convergent when the slope of:
  27. In monopoly, new firms:
  28. If the price of product A decreases and in the result the demand for product B increases then we can…
  29. With firms having cost differences under perfect competition, a firm, which earns normal profit in the…
  30. The model which gives us information about price and output changes in different periods is: