The elasticity of demand is equal to slope of demand function divided by:
Average demand function
Qualified demand function
Constructive demand function
Relative demand function
- If the supply curve is not a straight line but curvilinear, the elasticity on all points of the supply…
- The non-price competition cartel is a:
- If there are many producers, each of whom has an individual production possibility curve, then the lowest…
- When there is decrease in demand the demand curve:
- In short run, a firm would remain in business as long as which one of the following of cost is covered?
- If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
- If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
- If demand increased and supply decreased then:
- With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
- For the given production function, technical efficiency is defined as:
- Which of the following has more elastic demand curve?
- One way the government can induce a monopolist to expand his output is by imposing:
- Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
- Short run cost curves are influenced by:
- Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity…
- According to Marginalists, the price of any commodity is determined by:
- The Law of Equi-Marginal Utility states:
- Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
- According to translog production function, elasticity of substitution is:
- 7.In an economy based on the price system the decision on what shall be produced is made by:
- By saying that monopolist create a contrived scarcity, economist mean that monopolist:
- In cournot model, firms make decisions separately regarding:
- Quantity demanded or supplied is measured in:
- Law of variable proportions is based on the assumption of:
- The marshallian indirect utility function in the form of equation is:
- Price leadership is associated with:
- Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
- Demand of a commodity is elastic when:
- Necessary condition for consumer equilibrium is:
- According to Marshallian approach, utility: