The effects according to which people use those goods which are concerned with distinctive standard of living are:
Bandwagon effects
Snob effects
Veblen effects
Steven effects
- Cartel is associated with:
- Who is the author of Choice of Technique?
- Which of the following curves is a rectangular hyperbola?
- Which of the following pairs of commodities is an example of substitutes?
- Microeconomics is also known as:
- In a socialist (communist) economy the invisible hand:
- The longer the period of time, the elasticity of supply will be:
- With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
- When income of the consumer increases then demand curve of an inferior good:
- The falling part of total Utility (TU) curve shows:
- Which of the following is an implicit cost of production?
- Production function shows:
- Whish of the following represents the average revenue curve of a firm?
- When the output of a firm is increasing, its average fixed cost:
- Profits of a firm will be calculated taking into account the units produced and the difference between:
- The firm is at equilibrium where:
- A mixed economy is characterized by the coexistence of:
- Marshalls definition of economics was strongly criticised by:
- In measuring price-elasticity:
- The short run cost curve is U shaped because of:
- The shape of the TC curve is:
- LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
- In monopolistic competition, if a firm lowers its price, the rival firms will:
- According to Diamond Water Paradox diamonds are more expensive than water because:
- The average product is given as:
- In case of giffin good, price effect is:
- Identify the work of Irving Fisher:
- For monopolistic competitive firm:
- If the price of coffee increases, you would predict that:
- Any straight line supply which cuts the x-axis will have: