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Utility is:

A. A subjective concept

B. An ethical concept

C. An objective concept

D. A historical concept

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

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  1. Who is the author of Trade Cycle ?
  2. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  3. Which of the following is not a characteristic of a perfectly competitive market?
  4. The main contribution of Adam Smith is in the field of:
  5. Liquidity of Preference Theory was introduced by:
  6. After reaching the saturation point consumption of additional units of the commodity cause:
  7. If the commodity is inferior then the increase in income of the consumer results in:
  8. Supply curves are most elastic:
  9. Identify the economist who first developed the theory of income determination in its modern form:
  10. Of the following, which one corresponds to fixed cost?
  11. The low cost price leader will charge:
  12. Under price discrimination, the buyers must:
  13. The real income of a consumer is income in terms of:
  14. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  15. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  16. The main contribution of David Ricardo is in the field of:
  17. Which of the following is not a feature of isoproduct curves?
  18. The feasible part of the demand curve for the monopolist who is charging high price will be:
  19. The total revenue curve for monopolist is the shape of:
  20. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  21. If a firm produces zero output in the short period then which statement is true?
  22. The demand of the necessities is:
  23. The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
  24. According to Diamond Water Paradox diamonds are more expensive than water because:
  25. While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer…
  26. Used cars are sold in:
  27. The law of variable proportions comes into being when:
  28. The fundamental choices that a society must make about the use of its resources include:
  29. Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
  30. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…