The concept of period refers to:
A specific duration of time
A varying duration of time
A duration of time which permits necessary adjustments
A period with calculated intervals
- Cross-elasticity of demand or cross-price elasticity between two complements will be:
- MC curve is:
- The longer the period of time, the elasticity of supply will be:
- Marginal cost is always:
- In perfectly competitive markets, the profit maximization rule can be represented by:
- Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
- Technological efficiency:
- If the consumers expect that the price of computers will decrease in next year then:
- Pure monopoly exists:
- We can measure consumers surplus with the help of
- An income demand curve of an inferior good is:
- The cost of production is faced by a:
- The firm in cournot model:
- In Prisoner Dilemma, the best choice of strategy is:
- The slutsky demand curve includes:
- The indifference curve technique:
- Demand is elastic when the coefficient of elasticity is:
- According to law of Equi-Marginal Utility when price of commodity falls then we bought:
- A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand:
- If two goods are complements then indifference curve (IC) will be:
- Indifference curve represents:
- Production is a function of:
- The demand curve of a firm in monopolistic competition is:
- The normal long-run average cost curve is influenced by the:
- If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
- The supply curve would probably shift to the right if:
- In monopoly and perfect competition, TC curves are:
- The average cost curve is a geometrical illustration of:
- Utility is:
- In monopoly: