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We can measure consumers surplus with the help of

A. TU curve

B. MU curve

C. Supply curve

D. None of the above

Correct Answer : B.


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  1. If the prices of goods rise then:
  2. The marginal revenues are derivatives of:
  3. Most of the supply curves with which the average consumer deals are:
  4. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  5. For a commodity giving large consumers surplus, the demand will be:
  6. If Cobb-Douglas production function is homogeneous of degree greater than one (n>1), then it shows:
  7. From the resource allocation view point, perfect competition is preferable because:
  8. An indifference curve slopes down towards right since more of one commodity and less of another result…
  9. For the given production function, technical efficiency is defined as:
  10. In monopolistic competition, the customers are attached with one product because of:
  11. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  12. The Prisoners Dilemma was presented by A.W.Tucker in:
  13. When total revenues equal to total opportunity cost then the firm will earn:
  14. The budget constraint can be written as:
  15. Some economists refer to iso-product curves as:
  16. Demand is consumers:
  17. If two households have identical preferences but different incomes then:
  18. Classical production function is:
  19. According to Marginalists, the price of any commodity is determined by:
  20. At a point below the middle of a straight line demand curve, elasticity of demand is:
  21. The output where TC = TR & AC = AR:
  22. If in the long run all factor inputs are increased three times and the resulting output is four times…
  23. In monopolistic competition, if a firm lowers its price, the rival firms will:
  24. Cournot equilibrium is attained where two reaction curves:
  25. Chamberline introduces the concept of:
  26. The budget constraint equation of the firm is:
  27. A maximin strategy:
  28. J.R.Hicks was:
  29. In case of short-run, the supply curve of an industry is the horizontal summation of:
  30. In the short-run, in which one of the following situations would a competitive seller close down (shut-down)?