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The long run average cost curve is:

A. Cup-shaped

B. Oval-shaped

C. Saucer-shaped

D. Glass-shaped

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

You can do it
  1. The marginal revenues are derivatives of:
  2. Which of the following curves is a rectangular hyperbola?
  3. The equilibrium conditions, MC = MR = AR = AC, will happen:
  4. If the price of coffee increases, you would predict that:
  5. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  6. According to the principle of substitution?
  7. When the income of consumer increases then budget line will:
  8. Average cost means:
  9. The slope of an iso-quant represents:
  10. The sufficient condition of firms equilibrium requires:
  11. Cournot equilibrium is attained where two reaction curves:
  12. When a consumer is satisfied with his spending pattern, he is said to be in:
  13. Total costs in the short-term (short-run) are classified into fixed costs and variable costs. Which…
  14. The indirect utility function is a homogeneous function of:
  15. The optimal strategy for a player is termed as:
  16. The cost curves of the firm shift due to changes in:
  17. We can find total utility by:
  18. If money income is given then consumer is in equilibrium when:
  19. If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
  20. Each firm in cournot model assumes that its competitor will:
  21. The marshallian indirect utility function in the form of equation is:
  22. The name of the system of direct exchange is:
  23. Identify the author of The Social Framework:
  24. In monopolistic competition, the firms have to face:
  25. With the decrease in marginal valuation of a specific commodity, the price offered by the people:
  26. 7.The costs which the firms have to face in order to change the price tags of their products and services…
  27. The greater the percentage of income spent on a commodity:
  28. In the case of a giffen good, the income effect:
  29. Elasticity of Substitution (s) is defined as:
  30. When the law of demand operates the demand curve: