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Utility means:

A. The want- satisfying power of a commodity

B. Usefulness of commodity

C. Eating of commodity

D. None of these

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

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  1. Rent is a creation of value, not of wealth who made this observation?
  2. Each firm in cournot model starts selling:
  3. If the prices of goods rise then:
  4. According to marginalistic rule, the profit maximization hypothesis requires:
  5. In dominant price leadership model, the dominant firm set the:
  6. If the price of product A decreases and in the result the demand for product B increases then we can…
  7. The cobweb model will divergent when the slope of:
  8. Which is not an essential feature of a socialist economy?
  9. In case of monopoly, when total revenue is maximum:
  10. In monopolistic competition, the firms have to face:
  11. MC curve is:
  12. The difference between the average total cost and average variable cost as output increases will:
  13. If the commodities X and Y are perfect substitutes then:
  14. According to critics, the assumption of costless production is:
  15. As the price of diamond is higher, so it has:
  16. Utility is a function of:
  17. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  18. In monopolistic competition, because of difference in choices, the firm charges:
  19. Utility means:
  20. If there are many producers, each of whom has an individual production possibility curve, then the lowest…
  21. Plumbing and pipe-fitting require many of the same skills. If the wage paid to pipe-fitters increased…
  22. Which of the following is not a feature of isoproduct curves?
  23. Which is the other name that is given to the average revenue curve?
  24. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  25. The greater the percentage of income spent on a commodity:
  26. When in a market, the number of buyers is very large and the number of sellers is very small, it is…
  27. Which cost increases continuously with the increase in production?
  28. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  29. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  30. When total revenue (TR) falls in monopoly then elasticity of demand is: