The last unit of a good

All the units of a good

The first unit of a good

The average unit of a good

**When total revenue is maximum in monopoly, elasticity of demand is:****When elasticity of demand is one (e=1), then following the formula MR=P[1-1/e], the MR will:****If the commodity is inferior then the increase in income of the consumer results in:****Least cost combination of two factor inputs is achieved at a point where:****Who is the author of Choice of Technique?****The firm in cournot model:****If there are many producers, each of whom has an individual production possibility curve, then the lowest…****In non-constant sum game (non-zero sum game), if there are two parties then:****Which cost increases continuously with the increase in production?****The proportionality rule in production requires that the ratios of MP and factor prices are:****Law of Substitution in production was presented by:****In general, most of the production functions measure:****The cost of one thing in terms of the alternative given up is known as:****Which of the following is not a U shaped curve:****The good will highest income elasticity is:****Technological Progress (Invention) can be defined as:****The marshallian indirect utility function in the form of equation is:****The budget constraint equation of the firm is:****The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…****In monopoly, new firms:****Demand is consumers:****Which of the following theories of trade cycle was presented by William Jevons?****Who introduced the concept of Elasticity of Demand into economic theory?****Marshallian approach is also known as:****The imaginary differentiation is attributed to difference in:****In Edgeworth model, price remains:****The number of sellers in oligopoly is:****In monopolistic competition, the real differentiation in products is due to difference in:****If the consumers expect that the price of computers will decrease in next year then:****In the case of an inferior good, the income effect:**