Total costs are:
TFC TVC
TFC/TVC
TVC/TFC
TFC +TVC
- The number of firms in monopolistic competition normally range between:
- With the expansion of output, the short run average cost curve, beyond a point, starts rising because:
- Under Bandwagon effects, people use those goods which are used by their:
- The fixed cost of a firm:
- Marshallian approach is also known as:
- General Equilibrium deals with the equilibrium of the:
- A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
- Perfect competition assumes:
- In short-run, in monopolistic competition, a firm earns:
- Contraction in demand occurs when:
- An individual consumers demand is not determined by:
- According to current thinking, the law of diminishing returns applies to:
- Price elasticity of demand is best defines as:
- In perfectly competitive markets, the profit maximization rule can be represented by:
- The cost of firms in cournot model are:
- The ordinal approach was presented by:
- Law of Returns to Scale shows:
- The normal long-run average cost curve is influenced by the:
- The situation of single buyer and single seller is called:
- In the long-run competitive equilibrium:
- In case of income effect, the level of consumers satisfaction rises when:
- If, at the prevailing price, more of a good is desired than is available for sale:
- Karl Marx:
- Abstinence or Waiting theory of Interest was presented by:
- If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
- When total revenues equal to total opportunity cost then the firm will earn:
- The products, under monopolistic competition are differentiated, yet they are:
- A country is advised to devalue (reduce external value of) its currency only when its exports face:
- Under monopolistic competition, the firms compete alongwith:
- The demand of the necessities is: