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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

Related Questions

  1. Economics is a:
  2. Returns to scale is a:
  3. The budget-line is also known as the:
  4. General equilibrium is concerned with simultaneous equilibrium of:
  5. The Law of Equi-Marginal Utility refers to:
  6. By reducing the prices of its products below those of its competitors, a perfectly competitive seller:
  7. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  8. For monopolistic competitive firm:
  9. Which of the following oligopoly models is concerned with the maximization of joint profits?
  10. In dominant strategies I am doing the best, I can no matter:
  11. According to M.Kalecki, the true measure of the degree of monopoly power is the:
  12. Substitution effect means a consumer
  13. In short-run, in monopolistic competition, a firm earns:
  14. When the income of consumer increases then budget line will:
  15. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  16. Price elasticity of demand can be measured in the following way:
  17. In monopolistic competition, the firms follow:
  18. Which one of the following is also known as Plant Curves:
  19. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  20. With which of the following concepts is the name of J.M.Keynes particularly associated?
  21. Marginal cost is always:
  22. The game theory takes into consideration:
  23. In the long run average costs curve, a firm can change:
  24. Dumping is international discriminating:
  25. If the commodities X and Y are perfect substitutes then:
  26. For the given production function, technical inefficiency is defined as:
  27. If, at the prevailing price, more of a good is desired than is available for sale:
  28. The indifference curve technique:
  29. Market demand curve is:
  30. The elasticity of demand is equal to slope of demand function divided by:

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