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…**