The isoquant approach is based upon:

A. One output

B. One input

C. Two outputs

D. Two inputs

Related Questions

  1. In case of monopoly, both AR and MR fall, but MR falls:
  2. The costs faced by the firm against fixed factors are:
  3. The Tit for Tat strategy means cooperation by the 2nd firm if:
  4. Which describes a competitive market?
  5. Labor Saving Technological Progress can be defined as:
  6. According to critics, the assumption of costless production is:
  7. If a person behaves against the laws of economics then:
  8. The Law of Proportionality is another name of:
  9. The central problem of economics is:
  10. In case of monopoly, the price charged against the additional unit is:
  11. The relationship between MC and MP shown by the marginal cost concept is:
  12. Law of Substitution in production was presented by:
  13. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:
  14. According to translog production function, elasticity of substitution is:
  15. Cournot equilibrium is attained where two reaction curves:
  16. Under which of the following forms of the market structure does a firm have no control over the price…
  17. The budget constraint can be written as:
  18. Identify the author of The Social Framework:
  19. If the price of product A decreases and in the result the demand for product B increases then we can…
  20. In respect of which of the following category of goods is consumers surplus highest?
  21. The main contribution of Alfred Marshal is in the field of:
  22. A demand schedule is shown as:
  23. An indifference curve shows the bundles of two goods among which a consumer remains:
  24. The number of sellers in oligopoly are:
  25. Cardinal approach includes arranging:
  26. Robbins definition of economics was criticised by:
  27. Which of the following is assumed to be constant when drawing a demand curve?
  28. Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
  29. The short run cost curve is U shaped because of:
  30. According to Chamberline, in monopolistic competition, differentiation is determined by:

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