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The supply curve for the short-run competitive firm is the same as:

A. Marginal cost curve

B. Average variable cost curve

C. That part of the marginal cost curve which equals or is greater than AVC

D. Average total cost curve

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  1. The alternative of profit maximization theory is:
  2. In income effect, we:
  3. With which of the following concepts is the name of J.M.Keynes particularly associated?
  4. The point where the supply and demand curves intersect on a graph determines:
  5. If the price of product increases and in the result the demand for product B also increases then:
  6. When the income of consumer increases then budget line will:
  7. The elasticity of demand is equal to slope of demand function divided by:
  8. According to classical approach, utility can be:
  9. Ceteris paribus clause in the law of demand means:
  10. MC = MR = AC = AR shows the long run equilibrium position of the:
  11. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
  12. Ordinal approach includes arranging:
  13. A firm can never produce in the middle area of input space, in case of:
  14. Time Preference Theory of Interest was presented by:
  15. A monopolist is able to maximize his profit when:
  16. The Hicksian demand curve includes:
  17. The shape of the TC curve is:
  18. The external economies of scale experienced by a firm include the:
  19. In monopoly, new firms:
  20. In case of monopoly, when total revenue is maximum:
  21. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  22. MRSxy measures:
  23. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  24. Now-a-days in real life, we are unable to fined:
  25. Cross-elasticity of demand is measured as:
  26. The price under perfect competition is settled by:
  27. A monopolist is:
  28. When a consumer is satisfied with his spending pattern, he is said to be in:
  29. In a socialist (communist) economy the invisible hand:
  30. The Hicksian indirect utility function in the form of equation is: