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The consumer is in equilibrium at the where:

A. Budget line and indifference curve intersect each other

B. Budget line and indifference curve are tangent to each other

C. Budget line and indifference curve are opposite to each other

D. Budget line and indifference curve are parallel to each other

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  1. In economics, Externality means:
  2. Ceteris paribus clause in the law of demand means:
  3. Economics define technology as:
  4. The kink demand curve faced by an oligopolist is based on the assumption that:
  5. Decrease in demand results in:
  6. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  7. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  8. In repeated game, the Prisoners Dillemma can have a:
  9. In the case of an inferior good, the income effect:
  10. Each firm in cournot model can:
  11. On the total utility curve the economically relevant range is the portion over which:
  12. The number of sellers in duopoly is:
  13. With the change in the factor prices, the slope of the expansion path will:
  14. Two policy variables, product and selling activities in the theory of firm was introduced by:
  15. The largest possible loss that a firm will make in the short run is:
  16. When a consumer is in equilibrium then slope of indifference curve is:
  17. Average Revenue means:
  18. Abstinence or Waiting theory of Interest was presented by:
  19. The short-run supply curve of the perfectly competitive firm is given by:
  20. At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…
  21. In case of giffin good, price effect is:
  22. Identify the work of Irving Fisher:
  23. Marginal utility means:
  24. Utility is a function of:
  25. Under monopolistic competition, in long-run there is:
  26. If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
  27. Rent is a creation of value, not of wealth who made this observation?
  28. Which of the following is not a feature of isoproduct curves?
  29. We get constant returns to scale when:
  30. In cournot model, firms face: