Total profits are maximized at the point where:
TR equals TC
The TR curve and the TC curve intersect such that TR and TC lie at the same point
The TR curve and the TC curve are parallel and TC exceeds TR
The TR curve and the TC curve are parallel and TR exceeds TC
- In real life, brand loyalty is a barrier to:
- The optimum level of output in long run takes place where:
- In general, most of the production functions measure:
- In the immediate run:
- Moving along an indifference curve leaves the consumer:
- Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?
- If cross-elasticity of one commodity for another turns out to be zero, it means they are:
- Which of the following models are associated with non-collusive oligopoly?
- The main contribution of David Ricardo is in the field of:
- Income -elasticity of demand will be zero when a given change in income brings about:
- The slope of isocost line (budget line) shows:
- The main contribution of Prof. Lord Keynes is in the field of:
- Each short run average cost curve:
- In economic term water is a:
- Variable cost includes the cost of:
- Micro economics is concerned with:
- Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
- Total variable costs in equation form are:
- In monopoly, new firms:
- Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
- The slope of indifference curve shows:
- The relationship between MC and MP shown by the marginal cost concept is:
- A monopolist has control over the price he charges for his product. He will be able to maximize his…
- The law of demand is most directly a result of:
- The number of firms in monopolistic competition normally range between:
- Market allocation fundamentally relies upon:
- The costs faced by the firm against variable factors are:
- In measuring price-elasticity:
- An iso-product (an isoquant) curve slopes:
- Now-a-days in real life, we are unable to fined: