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When a consumer is satisfied with his spending pattern, he is said to be in:

A. Balance stat

B. Equilibrium

C. Disequilibrium

D. Authenticated form

Correct Answer : B.


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  3. Variable cost includes the cost of:
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  14. According to Marshal, the Law of Diminishing Marginal Utility:
  15. For the given production function, technical efficiency is defined as:
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  20. Production function relates:
  21. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
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  27. The average cost curve is a geometrical illustration of:
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