Output cost

Output ratio

Input prices

Input ratio

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