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The critics of Sweezy model say that kink generates:

A. Frustration

B. Poverty

C. Uncertainty

D. Integrity

Correct Answer : C.


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  1. If the increase in demand is more than the increase in supply, the price will:
  2. In microeconomics, we study:
  3. The slope of marshallian demand curve is:
  4. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  5. A firms profit is equal to:
  6. In substitution effect, we:
  7. Under monopoly and imperfect competition MC is:
  8. If the demand for good is less elastic and government levied a tax per unit of output, the price per…
  9. In Edgeworth model, if price falls below competitive price, the demand is:
  10. All money costs can be regarded as:
  11. In joint-profit maximization cartel, central agency sets the:
  12. In general, most of the production functions measure:
  13. In measuring price-elasticity:
  14. An exceptional demand curve is:
  15. The vertical distance between TVC and TC is equal to:
  16. Marginal cost is always:
  17. The greater the percentage of income spent on a commodity:
  18. An iso-product (an isoquant) curve slopes:
  19. The budget-line is also known as the:
  20. Competitors in monopolistic competition have full control over:
  21. The sufficient condition of firms equilibrium requires:
  22. If the supply and demand increases equally, the price will:
  23. Opportunity costs are also known as:
  24. The difference between average cost and average revenue is:
  25. According to Marginalists, the price of any commodity is determined by:
  26. Increase in demand occurs when:
  27. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  28. An indifference curve normally slopes downward from:
  29. A firm can never produce in the middle area of input space, in case of:
  30. The cost of one thing in terms of the alternative given up is known as: