The isoquant which are generated by CES (constant elasticity of substitution) production function are always:

A. Positively sloped

B. Negatively sloped

C. Concave to the origin

D. None of the above

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

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  1. The optimal strategy for a player is termed as:
  2. Each firm in cournot model assumes that its competitor will:
  3. The consumer is in equilibrium at the where:
  4. The non-price competition cartel is a:
  5. The total utility (TU) curve is:
  6. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  7. If the supply and demand increases equally, the price will:
  8. Economic laws are:
  9. In dominant strategies I am doing the best, I can no matter:
  10. Moving down along a linear demand curve:
  11. Marginal utility means:
  12. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  13. When elasticity of demand is one (e=1), then following the formula MR=P[1-1/e], the MR will:
  14. The monopolist who is producing the same output from two (or more than two) plants is concerned with:
  15. According to Leontief technology, there:
  16. Income distribution effects:
  17. Consumers Surplus can also be defined as:
  18. Increase in demand occurs when:
  19. A normal profit is:
  20. In cournot model, each firm makes decision regarding:
  21. Consumer surplus is the difference between
  22. Which of the following is not a characteristic of a perfectly competitive market?
  23. Marginal cost curve cuts the average cost curve:
  24. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  25. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  26. In respect of which of the following category of goods is consumers surplus highest?
  27. Kinked Demand Curve is consistent with which one of the following market situations?
  28. One common definition of a luxury good is a good with income elasticity:
  29. The reserve capacity in administration is advocated on the ground that demand for a product will:
  30. Social costs equal private costs when: