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The Law of Equi-Marginal Utility refers to:

A. Marginal utility of commodity X

B. Marginal utility of commodity Y

C. Marginal utility per rupee spent on X and Y commodities

D. None of the above

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  1. Who developed the concept of Representative Firm?
  2. Marginal utility (MU) always:
  3. Who is the founder of classical school of thought?
  4. The main contribution of Prof. R.G.D.Allen is in the field of:
  5. The ordinal approach was presented by:
  6. With firms having cost differences under perfect competition, a firm, which earns normal profit in the…
  7. In respect of which of the following category of goods is consumers surplus highest?
  8. In perfect cartel, the:
  9. When a consumer is in equilibrium then slope of indifference curve is:
  10. Perfect competition assumes:
  11. The competitive equilibrium leads to:
  12. The long-run AC curve is constructed from:
  13. Price discrimination is possible:
  14. Economics is a:
  15. In dominant price leadership model, the small firms are like:
  16. We can obtain consumers demand curve from:
  17. If the demand for good is less elastic and government levied a tax per unit of output, the price per…
  18. Average cost curve contains in it:
  19. The Hicksian indirect utility function in the form of equation is:
  20. An economic theory is :
  21. Which is the first-order condition for the profit of a firm to be maximum?
  22. At final equilibrium in cournot model, each firm sells:
  23. Price discrimination occurs when:
  24. Who wrote Economics of Imperfect Competition?
  25. Returns to scale is a:
  26. When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there…
  27. If the demand curve is vertical then its slope is:
  28. In cournot model, each firm makes decision regarding:
  29. Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
  30. Price discrimination is undertaken with the aim of: