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The modern cost curves are based upon the idea of:

A. Fixed capacity

B. Specific capacity

C. Excess capacity

D. Reserve capacity

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

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