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The elasticity of substitution measures the percentage change in the ratio of inputs when any producer observes the percentage change in:

A. Output cost

B. Output ratio

C. Input prices

D. Input ratio

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

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  1. In substitution effect and income effect:
  2. The income effect means that consumer purchase more when:
  3. The law of Diminishing Marginal Utility implies that the marginal utility of a good decreases as:
  4. The Strategy of Economic Development is the work of:
  5. Iso-product curve (isoquant) shows:
  6. The cost of production is faced by a:
  7. Cross-elasticity of demand or cross-price elasticity between two perfect complements will be:
  8. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  9. For the given production function, technical efficiency is defined as:
  10. The main contribution of Malthus is in the field of:
  11. The expansion point is attained by joining:
  12. The game theory concentrates on:
  13. The shape of the TC curve is:
  14. In real life, brand loyalty is a barrier to:
  15. In income effect, we:
  16. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  17. MC is given by:
  18. Under perfect competition, at equilibrium, marginal cost is:
  19. The game theory was basically presented by:
  20. The line from the origin to a point on an isoquant shows:
  21. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  22. Elasticity of Substitution (s) is defined as:
  23. Price discrimination occurs when:
  24. When a consumer is in equilibrium then slope of indifference curve is:
  25. The horizontal demand curve for a commodity shows that its demand is:
  26. Government planners play a central role in allocating resources:
  27. Isocost line shows the combinations of labor and capital where a firms budget is:
  28. If a new production technology for producing compact discs is developed and new firms are attracted…
  29. The cournot model is a model of:
  30. If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows: