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The nominal income of a consumer is income in terms of:

A. Goods

B. Goods and services

C. Goods and services it can purchased

D. Monetary units

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

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  1. After reaching the saturation point consumption of additional units of the commodity cause:
  2. Because of selling costs, the demand curve of a firm shifts:
  3. For the given production function, technical inefficiency is defined as:
  4. If the price of coffee increases, you would predict that:
  5. The shape of the TC curve is:
  6. A firm in a position of equilibrium is supposed to be maximizing:
  7. To get more revenue, a Finance Minister impose tax on that commodity which has:
  8. An indifference curve shows the bundles of two goods among which a consumer remains:
  9. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  10. If the commodity is normal then price effect is:
  11. Duopoly is a market where there are:
  12. If the price of a product falls then quantity demanded tends to increase ceteris paribus because:
  13. The slutsky demand curve includes:
  14. The Tit for Tat strategy means cooperation by the 2nd firm if:
  15. Economic problems arise because:
  16. If a person behaves against the laws of economics then:
  17. The main contribution of Adam Smith is in the field of:
  18. Gold is bought and sold in a:
  19. If in the long run, output increases in the same proportion as increase in all the input in the given…
  20. The advantage of using indifference curves rather than marginal utilities is:
  21. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  22. The production function of homogeneous of degree one (n=1) is also called:
  23. The alternative of profit maximization theory is:
  24. In measuring price-elasticity:
  25. Which is not a central problem of an economy?
  26. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  27. For the given production function, technical efficiency is defined as:
  28. Elasticity (E) expressed by the term, 8 >E>1, is:
  29. If demand increased and supply decreased then:
  30. Diseconomies of management lead to: