The Prisoners Dilemma was presented by A.W.Tucker in:

A. 1910

B. 1945

C. 1900

D. 1940

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  1. The fixed cost of a firm:
  2. When the slope of a demand curve is zero (also known as vertical demand curve) then elasticity will…
  3. In joint-profit maximization cartel, the distribution of profit is:
  4. When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…
  5. The main contribution of Prof. R.G.D.Allen is in the field of:
  6. If a commodity sold under monopoly is got free of cost, then MC will be:
  7. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  8. The difference between laws of return and laws of return to scale is:
  9. The basic subject matter of economics is:
  10. An inferior good/ commodity is inferior for:
  11. The vertical distance between TVC and TC is equal to:
  12. The study of economic theory for the sake of certain objective is called:
  13. If a consumer buys a product that costs Rs.3 and provides an additional 18 units of satisfaction, then…
  14. According to Leontief technology, there:
  15. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
  16. If, at the prevailing price, more of a good is desired than is available for sale:
  17. Which of the following goods is most likely to be exchanged in a market of local rather than national…
  18. The MC curve cuts the AVC and ATC curves:
  19. The budget-line is also known as the:
  20. The advertisement and other selling activities:
  21. With an increase in income, consumer is expected to buy more of:
  22. The Hicksian indirect utility function in the form of equation is:
  23. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:
  24. The Tit for Tat strategy means cooperation by the 2nd firm if:
  25. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  26. The low cost price leader will charge:
  27. When a competitive firm is in equilibrium in the long-run, its output is such that:
  28. The Cambridge School of Thought refers to the group of English economists who came under the influence…
  29. Some economists refer to iso-product curves as:
  30. Diminishing returns occur when a firm: