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