Total fixed costs are:





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  1. If the demand curve is vertical then its slope is:
  2. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  3. In case of straight-line isoquant, the factors are not substituted because they are each others:
  4. The main objective of the firm is to:
  5. Ceteris paribus clause in the law of demand means:
  6. Who formulated the Post-Keynsian Theory of Distribution and Growth?
  7. When AC curve falls, MC curve falls:
  8. The factors of production in perfect competition are:
  9. Moving along an indifference curve leaves the consumer:
  10. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  11. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  12. The right of individuals to control productive resources is known as:
  13. A budget line shows:
  14. Total variable cost curve:
  15. One way the government can induce a monopolist to expand his output is by imposing:
  16. On the total utility curve the economically relevant range is the portion over which:
  17. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  18. The main contribution of David Ricardo is in the field of:
  19. The Chamberline model recognizes mutual:
  20. The total utility is gained by consuming:
  21. Price effect occurs on the higher IC in case of:
  22. MC = MR = AC = AR shows the long run equilibrium position of the:
  23. Which of the following models are associated with non-collusive oligopoly?
  24. Law of Diminishing Marginal Utility is practically untrue because:
  25. The law of variable proportions comes into being when:
  26. Opportunity costs are also known as:
  27. An indifferent curve shows:
  28. Total Utility (TU) curve:
  29. A profit-maximizing monopolist in two separate markets will:
  30. At a point above the middle of a straight line demand curve, elasticity of demand is: