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The slope of an iso-quant represents:

A. MRS

B. MRT

C. MRTS

D. MRPS

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  1. Income-demand curve shows:
  2. A producer attains the least cost combination when the relation between Marginal Rate of Technical Substitution…
  3. Duopoly is a market where there are:
  4. The advertisement and other selling activities:
  5. In monopoly, when average revenue curve falls:
  6. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  7. External economies are witnessed in:
  8. The average product is given as:
  9. Airlines that try to lower fares in order to increase revenues believe that demand for airline services…
  10. In case of straight-line isoquant, the factors are not substituted because they are each others:
  11. Economies of large-scale production:
  12. For monopolistic competitive firm:
  13. Opportunity costs are also known as:
  14. With firms having cost differences under perfect competition, a firm, which earns normal profit in the…
  15. The cost of production is faced by a:
  16. The number of firms in monopolistic competition normally range between:
  17. Which form of market structure is characterized by interdependence in decision-making as between the…
  18. In perfect cartel, the:
  19. The Tit for Tat strategy means cooperation by the 2nd firm if:
  20. In which case the elasticity shown by the different points of a curve is the same?
  21. Who first formulated the Marginal Productivity Theory of Distribution?
  22. Total fixed costs are:
  23. The relationship between MC and MP shown by the marginal cost concept is:
  24. The demand curve of ostentation goods (Veblen goods) will be:
  25. For the given production function, technical inefficiency is defined as:
  26. Which is not an essential feature of a socialist economy?
  27. The difference between average cost and average revenue is:
  28. Demand of a commodity is elastic when:
  29. A loss bearing firm will continue to produce in the short run so long as the price at least covers:
  30. Identify the author of The Principles of political Economy and Taxation: