Total costs are:





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