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Total utility and price are:

A. Directly related

B. Unrelated

C. Closely related

D. Negatively related

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Which of the following is not a U shaped curve:
  2. Opportunity costs are also known as:
  3. An indifferent curve shows:
  4. In terms of price, the indirect utility function may be:
  5. Price elasticity of demand can be measured in the following way:
  6. According to Smith, by value we mean the value with respect to use, and the price we mean the value…
  7. Under price discrimination, the buyers must:
  8. The relationship between price effect, income effect and substitution effect is:
  9. The horizontal demand curve for a commodity shows that its demand is:
  10. The average fixed cost (AFC) curve is asymptote to:
  11. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  12. In case of monopoly, the slope of MR is:
  13. The vertical distance between TVC and TC is equal to:
  14. The main objective of the firm is to:
  15. The production process is:
  16. According to M.Kalecki, the true measure of the degree of monopoly power is the:
  17. If the commodity is inferior then Income Effect (I.E) is:
  18. With the change in the factor prices, the slope of the expansion path will:
  19. The water diamond paradox was firstly resolved with the help of:
  20. MC = MR = AC = AR shows the long run equilibrium position of the:
  21. In cournot model, during the process of adjustment, the number of firms:
  22. Demand of a commodity is elastic when:
  23. The Tit for Tat strategy means cooperation by the 2nd firm if:
  24. Under monopolistic competition, in long-run there is:
  25. If under perfect competition, in the short period, price does not cover the average cost completely,…
  26. An indifference curve normally slopes downward from:
  27. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  28. In finding equilibrium position of a profitmaximizing firm, which technique is most convenient?
  29. In the long run:
  30. In Prisoners Dilemma, both the prisoners are interrogated: