The Law of Equi-Marginal Utility states:
per income rupee
- The costs faced by the firm against fixed factors are:
- The Hicksian demand curve includes:
- Which of the following is called Gossens first law?
- The minimization of costs subject to output requires equilibrium at the lowest:
- Extension (expansion) of demand means:
- Least cost combination of two factor inputs is achieved at a point where:
- In case of income effect, the level of consumers satisfaction rises when:
- The spending of money by the producer to influence consumers is an example of:
- An effective price ceiling usually results in:
- In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
- According to the principle of substitution?
- The entry of new firms in cournot model is:
- Entry of new firms into a competitive market will shift the supply curve of the:
- Cournot equilibrium is attained where two reaction curves:
- According to Cobb-Douglas, in production function the marginal product of labor is:
- Which of the following is not characteristic of perfect competition?
- In the short-run, in which one of the following situations would a competitive seller close down (shut-down)?
- Moving down along a linear demand curve:
- The critics of Sweezy model say that kink generates:
- The study of economic theory for the sake of certain objective is called:
- A demand curve which is horizontal and parallel to x-axis represents:
- We can write ordinal utility function as:
- In discriminating monopoly (price discrimination), the elasticity of demand of product in two markets…
- According to Leontief technology, there:
- In the range of excess capacity, the average costs are:
- Under perfect competition, at equilibrium, marginal cost is:
- The point where the supply and demand curves intersect on a graph determines:
- Law of Substitution in production was presented by:
- In the perfect competition, there is a process of:
- The cost of one thing in terms of the alternative given up is known as: