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The total utility (TU) curve is:

A. Concave to X-axis

B. Convex to X-axis

C. Concave to Y-axis

D. Convex to Y-axis

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  10. The necessary condition of firms equilibrium requires:
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  14. Which of the following is the work of A.C.Pigou?
  15. The longer the period of time, the elasticity of supply will be:
  16. The right of individuals to control productive resources is known as:
  17. Price discrimination is possible:
  18. Under monopoly and imperfect competition MC is:
  19. When SAC curve rises, SMC curve lies its:
  20. Which is the other name that is given to the average revenue curve?
  21. Cross-elasticity of demand is measured as:
  22. When was Adam Smiths major work An Enquiry into the Nature and Causes of Wealth of Nations published?
  23. An indifference curve slopes down towards right since more of one commodity and less of another result…
  24. If there are many producers, each of whom has an individual production possibility curve, then the lowest…
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  27. The marginal revenues are derivatives of:
  28. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  29. The Modern and Neo-Keynsian Theory of Interestwas presented by:
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