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The main contribution of Prof. R.G.D.Allen is in the field of:

A. fixation of price

B. Arc elasticity of demand

C. Cross elasticity of demand

D. Wage theory

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

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  1. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  2. The competitive equilibrium leads to:
  3. In sweezy model (kinked demand curve model), the role of MC curve:
  4. Price discrimination is undertaken with the aim of:
  5. According to Chamberline, in monopolistic competition, differentiation is determined by:
  6. The market demand shedule is determined by:
  7. An increase in the price of the good measured on the horizontal axis causes:
  8. Demand for a commodity is elastic when it has
  9. When the output of a firm is increasing, its average fixed cost:
  10. Two policy variables, product and selling activities in the theory of firm was introduced by:
  11. If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
  12. The total revenue curve for monopolist is the shape of:
  13. The average cost curve is a geometrical illustration of:
  14. The income effect means that consumer purchase more when:
  15. In the case where two commodities are good substitutes then cross elasticity will be:
  16. AR curve under perfect competition:
  17. Of the following commodities, which has the lowest price-elasticity of demand?
  18. Elasticity of Substitution (s) is defined as:
  19. An indifferent curve shows:
  20. Competitors in monopolistic competition have full control over:
  21. The slope of the iso-cost line (budget line) is determined by:
  22. According to Robbins, economics is a:
  23. In the modern theory of costs, the level of production which the firm considers feasible is known as:
  24. The real income of a consumer is income in terms of:
  25. Each SAC represents a particular level of:
  26. Which industries spend a relatively large share of their revenue on research and development in order…
  27. The vertical distance between TVC and TC is equal to:
  28. To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
  29. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:
  30. From the resource allocation view point, perfect competition is preferable because: