The economic problem of determining the combination of inputs yielding lowest cost for producing a given output:

A. Is only a choice among the technologically efficient combination

B. Depends on the relative price of inputs

C. Depends on the price of the product

D. Depends on the profits made

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

You can do it
  1. If the price of coffee increases, you would predict that:
  2. Normally when price per unit of time falls:
  3. In the long run average costs curve, a firm can change:
  4. The longer the period of time, the elasticity of supply will be:
  5. Kinked Demand Curve is consistent with which one of the following market situations?
  6. The cost of production is faced by a:
  7. We can obtain consumers demand curve from:
  8. When the output of a firm is increasing, its average fixed cost:
  9. The study of economics just in theoretical way is called:
  10. Which of the following is not characteristic of perfect competition?
  11. Compared to perfect competition, a monopolist will charge:
  12. Who wrote An Introduction to Positive Economics?
  13. Competitors in monopolistic competition have full control over:
  14. Supply of a commodity refers to:
  15. In second degree price discrimination, monopolist takes away :
  16. When a consumer is in equilibrium then slope of indifference curve is:
  17. Repetition of a game (Repeated Game):
  18. Even in the long-run equilibrium, the pure monopolist can make abnormal profits because of:
  19. The optimal strategy for a player is termed as:
  20. Marginal utility equals:
  21. Any straight line supply which cuts the x-axis will have:
  22. Total utility:
  23. Indifference curve represents:
  24. Law of Substitution in production was presented by:
  25. A producer attains the least cost combination when the relation between Marginal Rate of Technical Substitution…
  26. Each firm in cournot model starts selling:
  27. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:
  28. The game theory was basically presented by:
  29. Increasing returns imply:
  30. Cross-elasticity of demand is measured as: