The Hicksian indirect utility function in the form of equation is:

A. x =f(P)

B. x =a-bp



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  1. The engineering production function and engineering costs curves are concerned with the:
  2. The ordinal approach was presented by:
  3. Under monopolistic competition, in long-run there is:
  4. Marginal utility (MU) always:
  5. The slope of marshallian demand curve is:
  6. Who wrote A Contribution to the Theory of Trade Cycle?
  7. Identify the work of T.W.Schultz:
  8. In the case of an inferior good, the income effect:
  9. In the immediate run:
  10. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  11. Technological efficiency:
  12. Cournot equilibrium is attained where two reaction curves:
  13. A firm under perfect competition has:
  14. The substitution effect works to encourage a consumer to purchase more of a product when the price of…
  15. Micro economics is concerned with:
  16. Which of the following theories of trade cycle was presented by William Jevons?
  17. If a firm is producing output at a point where diminishing returns have set in, this means that:
  18. In which case the elasticity shown by the different points of a curve is the same?
  19. In income effect, we:
  20. The total utility (TU) curve is:
  21. Contraction in demand occurs when:
  22. Now-a-days in real life, we are unable to fined:
  23. In general, most of the production functions measure:
  24. The expansion point is attained by joining:
  25. Price elasticity of demand can be measured in the following way:
  26. When total product falls:
  27. Who first formulated the Marginal Productivity Theory of Distribution?
  28. In monopolistic competition, because of difference in choices, the firm charges:
  29. Which of the following is not an explicit cost of production?
  30. A demand schedule is shown as: