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Under the perfect competition, the transportation cost:

A. Is considered to be negligible and thus ignored

B. Is considered to be vital for the calculation of total cost

C. Is charged along with the price of the commodity

D. None of the above

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  1. Income-demand curve shows:
  2. MC is given by:
  3. The partial equilibrium model keeps other things:
  4. Contraction of demand means:
  5. Price elasticity of demand can be measured in the following way:
  6. Elasticity of demand is equal to unity while marginal revenue is:
  7. Which of the following theories of trade cycle was presented by William Jevons?
  8. If, at the prevailing price, more of a good is desired than is available for sale:
  9. Supply and demand changes have their most rapid impact in:
  10. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  11. If the demand curve is horizontal then its slope is:
  12. When income of the consumer increases then demand curve of an inferior good:
  13. Price discrimination is undertaken with the aim of:
  14. In substitution effect and income effect:
  15. Income -elasticity of demand will be zero when a given change in income brings about:
  16. When there is decrease in demand the demand curve:
  17. Total utility and price are:
  18. When AC curve falls, MC curve falls:
  19. Who stated explicitly for the first time the Law of Camparative Costs?
  20. Marshallian demand function is also known as:
  21. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
  22. The giffen paradox is an exception to law of:
  23. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  24. When the slope of a demand curve is zero (also known as vertical demand curve) then elasticity will…
  25. An inferior good/ commodity is inferior for:
  26. The firm is said to be in equilibrium when the difference between revenue and cost is:
  27. Price mechanism has also given the name:
  28. Of the following, which one corresponds to fixed cost?
  29. The act of producing the output from more than one plant is concerned with:
  30. The games which played by players again and again are called: