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The game theory was basically presented by:

A. Ricardo

B. Marshal

C. Neomann and Morgenstern

D. Karl Marx

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

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  1. Rational economic behavior on the part of the consumer means that he will:
  2. In Prisoner Dilemma, the best choice of strategy is:
  3. When total revenues equal to total opportunity cost then the firm will earn:
  4. An increase in the supply of a commodity is caused by:
  5. Contraction of demand means:
  6. For the given production function, technical efficiency is defined as:
  7. In the case where two commodities are good substitutes then cross elasticity will be:
  8. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
  9. Quantity demanded or supplied is measured in:
  10. In the immediate run:
  11. The production function can convey to a firm:
  12. Law of variable proportions is based on the assumption of:
  13. In the long run:
  14. Micro economics is concerned with:
  15. Which of the following does not have a uniform elasticity of demand at all points?
  16. Marginal utility (MU) always:
  17. The short-run supply curve of the perfectly competitive firm is given by:
  18. If two households have identical preferences but different incomes then:
  19. Capital Saving Technological Progress can be defined as:
  20. The advantage of using indifference curves rather than marginal utilities is:
  21. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  22. When there is decrease in demand the demand curve:
  23. In case of short-run, the supply curve of an industry is the horizontal summation of:
  24. A firm can never produce in the middle area of input space, in case of:
  25. Total utility:
  26. In Edgeworth model, price remains:
  27. Labor theory was firstly rejected by:
  28. In the modern theory of costs, the level of production which the firm considers feasible is known as:
  29. In case of monopoly, the price charged against the additional unit is:
  30. Which of the following is assumed to be constant when a supply curve is drawn: