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The pay-off matrix shows:

A. Possible outcomes

B. Possible benefits

C. Possible losses

D. None of them

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

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  1. In price leadership, like leader, the follower firm may:
  2. If the consumers expect that the price of computers will decrease in next year then:
  3. Supply of commodity is a:
  4. Production function relates:
  5. The Law of Diminishing Marginal Returns can be explained in terms of:
  6. Elasticity (E) expressed by the term, 1>E>0, is:
  7. In monopoly and perfect competition, TC curves are:
  8. The indirect utility function is a homogeneous function of:
  9. In monopolistic competition, the firm compete on the basis of:
  10. Which of the following is not an explicit cost of production?
  11. We can obtain consumers demand curve from:
  12. The fundamental choices that a society must make about the use of its resources include:
  13. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  14. Short run cost curves are influenced by:
  15. Utility is a function of:
  16. The market demand for any commodity is the:
  17. Under perfect competition, a firm will be in equilibrium if:
  18. The output where TC = TR & AC = AR:
  19. The Lambda or Langrange Multiplier is a:
  20. The cobweb model will convergent when the slope of:
  21. An indifferent curve shows:
  22. In monopoly, new firms:
  23. According to Cobb-Douglas, in production function the marginal product of labor is:
  24. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  25. From the resource allocation view point, perfect competition is preferable because:
  26. The Substitution Effect (S.E) is always:
  27. According to Chamberline, in monopolistic competition, differentiation is determined by:
  28. When the output of a firm is increasing, its average fixed cost:
  29. According to the principle of substitution?
  30. The cobweb model will divergent when the slope of: