The production function of homogeneous of degree one (n=1) is also called:

A. Linearly homogeneous

B. Zero homogeneous

C. Infinite homogeneous

D. None of the above

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

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  1. The production possibility curve (PPC) is concerned with:
  2. Which is the first-order condition for the profit of a firm to be maximum?
  3. When sales tax is imposed on monopolist, its:
  4. The firm producing at the minimum point of the AC curve is said to be:
  5. Necessary condition for consumer equilibrium is:
  6. An indifference curve shows the bundles of two goods among which a consumer remains:
  7. Selling costs are incurred under monopolistic competition to:
  8. Under Bandwagon effects, people use those goods which are used by their:
  9. When a competitive firm is in equilibrium in the long-run, its output is such that:
  10. Who stated explicitly for the first time the Law of Camparative Costs?
  11. The Substitution Effect (S.E) is always:
  12. The factors of production in perfect competition are:
  13. If a straight line supply curve passes through the point of origin O, the elasticity of supply is:
  14. In case of income effect, the level of consumers satisfaction rises when:
  15. The equilibrium of a firm is determined by the equality of MC and MR in only:
  16. Consumer surplus is the difference between
  17. Under price discrimination, the buyers must:
  18. Micro economics is concerned with:
  19. The indirect utility function is a homogeneous function of:
  20. Which one of the following is also known as Plant Curves:
  21. Under perfect competition, a firm will be in equilibrium if:
  22. Returns to scale is a:
  23. Scarcity is:
  24. The study of economics just in theoretical way is called:
  25. The production process is:
  26. A dominant strategy can best be described as:
  27. Total costs are:
  28. The slutsky demand curve includes:
  29. Demand is elastic when the coefficient of elasticity is:
  30. Ordinal approach includes arranging: