Under the law of variable proportions, the average and the marginal product of the variable factor would ultimately:

A. Become equal

B. Decrease

C. Become constant

D. Increase

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

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  1. In second degree price discrimination, monopolist takes away :
  2. The production function can convey to a firm:
  3. Marginal utility (MU) always:
  4. According to Saint Thomas Aquinas value is determined by God, but prices by:
  5. The cost of firms in cournot model are:
  6. The firm is at equilibrium where:
  7. Elasticity of Substitution (s) is defined as:
  8. The long run total cost is attained by:
  9. If a firm is producing output at a point where diminishing returns have set in, this means that:
  10. In joint-profit maximization cartel, central agency sets the:
  11. When AC curve falls, MC curve falls:
  12. Which of the following is not characteristic of perfect competition?
  13. Formulation of an economic theory involves:
  14. Marshalls definition of economics was strongly criticised by:
  15. In the case where two commodities are good substitutes then cross elasticity will be:
  16. In the long-run competitive equilibrium:
  17. Nash equilibrium is applicable in case of:
  18. In monopolistic competition, if a firm lowers its price, the rival firms will:
  19. In Edgeworth model, price remains:
  20. On the total utility curve the economically relevant range is the portion over which:
  21. Production function relates:
  22. Competitors in monopolistic competition have full control over:
  23. Supply and demand changes have their most rapid impact in:
  24. In case of complementary factors, the isoquants are:
  25. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  26. Which is the correct statement?
  27. The main contribution of Alfred Marshal is in the field of:
  28. According to Chamberlin, the activity of a monopolistic competitive firm:
  29. The slope of marshallian demand curve is:
  30. According to Cobb-Douglas, in production function the marginal product of labor is: