The modern cost curves are based upon the idea of:
Fixed capacity
Specific capacity
Excess capacity
Reserve capacity
- The game theory was basically presented by:
- In perfect cartel, the:
- Extension (expansion) of demand means:
- In the case of a normal goods, the income effect:
- Price mechanism has also given the name:
- Which of the following has more elastic demand curve?
- Production indifference curve (isoquant) is a curve which shows:
- Which of the following goods is most likely to be exchanged in a market of local rather than national…
- An indifference curve shows the bundles of two goods among which a consumer remains:
- A firm in a position of equilibrium is supposed to be maximizing:
- Using total revenue and total cost, a profit maximizing firm will be equilibrium at a point:
- In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
- In case of straight-line isoquant, the factors are not substituted because they are each others:
- A monopolist is able to maximize his profit when:
- Which of the following is assumed to be constant when a supply curve is drawn:
- Which of the following curves is a rectangular hyperbola?
- In joint-profit maximization cartel, the distribution of profit is:
- The demand curve of giffen goods will be:
- In Revealed Preference Theory, a consumer reveals preference for bundle of:
- The game theory concentrates on:
- A monopolist is:
- Contracts made by firms in cooperative games are:
- Pure monopoly exists:
- A price is a ratio of exchange between:
- The long run average cost curve is:
- Elasticity of supply means change in supply due to change in:
- The firm in cournot model:
- While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer…
- The engineering production function and engineering costs curves are concerned with the:
- Plumbing and pipe-fitting require many of the same skills. If the wage paid to pipe-fitters increased…