The expansion point is attained by joining:
Similar optimal combinations
Different optimal combinations
Both of them
None of them
- Marshallian approach is also known as:
- Production function relates:
- The expansion point is attained by joining:
- In case of monopoly, when total revenue is maximum:
- Marginal utility is only meant for:
- Technological Progress (Invention) can be defined as:
- A monopolist is able to maximize his profit when:
- When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
- If two goods have same marginal utility for a consumer then:
- Each firm in cournot model assumes that its competitor will:
- The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
- Rotten eggs are:
- Perfect competition assumes:
- Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
- The demand of the necessities is:
- Labor theory was firstly rejected by:
- The average cost curve is a geometrical illustration of:
- Least cost combination of two factor inputs is achieved at a point where:
- Elasticity (E) expressed by the term, 8 >E>1, is:
- On the total utility curve the economically relevant range is the portion over which:
- With the change in the factor prices, the slope of the expansion path will:
- A monopoly producer usually earns:
- The proportionality rule in production requires that the ratios of MP and factor prices are:
- The Substitution Effect (S.E) is always:
- The production process is:
- In second degree price discrimination, monopolist takes away :
- The production possibility curve (PPC) is concerned with:
- All of the following are capital resources except:
- If X and Y are close substitutes, a rise in the price of X will lead to:
- According to Smith, by value we mean the value with respect to use, and the price we mean the value…