The isoquant approach is based upon:

A. One output

B. One input

C. Two outputs

D. Two inputs

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  1. The point on which the average cost is minimum in a firm, short run average cost curve will also be…
  2. From the resource allocation view point, perfect competition is preferable because:
  3. Change in quantity demanded (expansion and contraction of demand) is:
  4. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  5. We can write ordinal utility function as:
  6. A monopoly producer usually earns:
  7. Elasticity (E) expressed by the term, 1>E>0, is:
  8. According to Marshal, the Law of Diminishing Returns is applicable to:
  9. The production techniques are technically efficient:
  10. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  11. With which of the following concepts is the name of J.M.Keynes particularly associated?
  12. In real life, brand loyalty is a barrier to:
  13. Most of the supply curves with which the average consumer deals are:
  14. Which of the following models are associated with non-collusive oligopoly?
  15. Dumping is international discriminating:
  16. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  17. A market demand schedule is obtained by adding individual demand schedules:
  18. Microeconomics is also known as:
  19. The Latin term citeris paribus means:
  20. If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
  21. According to Chamberlin, the activity of a monopolistic competitive firm:
  22. All money costs can be regarded as:
  23. The cost of production is faced by a:
  24. The game theory concentrates on:
  25. Scarcity is:
  26. Under price discrimination, the buyers must:
  27. The name of the system of direct exchange is:
  28. When total revenue is maximum in monopoly, elasticity of demand is:
  29. In case of budget line, we get pairs of two goods where consumers income is:
  30. Each firm in cournot model starts selling: