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