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The Law of Diminishing Marginal Returns can be explained in terms of:

A. Economies and diseconomies of production

B. Indivisibility of factors

C. Fixity of supply of land

D. Variable factor productivity

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

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  1. In the case of a normal goods, the income effect:
  2. Economics is a:
  3. If the price of coffee increases, you would predict that:
  4. The isoquant approach is:
  5. An individual consumers demand is not determined by:
  6. The optimal strategy for a player is termed as:
  7. A monopolist has control over the price he charges for his product. He will be able to maximize his…
  8. The number of firms in monopolistic competition normally range between:
  9. In case of short-run, the supply curve of an industry is the horizontal summation of:
  10. In case of monopoly, when total revenue is maximum:
  11. The Hicksian demand curve includes:
  12. Economic laws are:
  13. For monopolistic competitive firm:
  14. Who wrote A Contribution to the Theory of Trade Cycle?
  15. In cournot model, firms make decisions separately regarding:
  16. In terms of price, the indirect utility function may be:
  17. The necessary condition of firms equilibrium requires:
  18. In the case of an inferior good, the income effect:
  19. Duopoly is a market where there are:
  20. According to Chamberlin, the activity of a monopolistic competitive firm:
  21. At the point where a straight line demand curve meets the quantity axis (x-axis), elasticity of demand…
  22. Who first used the term Quasi-Rent?
  23. The Latin term citeris paribus means:
  24. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…
  25. Which of the following is assumed to be constant when a supply curve is drawn:
  26. The Tit for Tat strategy means cooperation by the 2nd firm if:
  27. An indifference curve normally slopes downward from:
  28. A firm in a position of equilibrium is supposed to be maximizing:
  29. Airlines that try to lower fares in order to increase revenues believe that demand for airline services…
  30. The marginal revenues are derivatives of: