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The total utility is gained by consuming:

A. The last unit of a good

B. All the units of a good

C. The first unit of a good

D. The average unit of a good

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

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