When AC curve falls, MC curve falls:
More than AC curve
Less than AC curve
Equal to AC curve
None of the above
- When total revenue is maximum in monopoly, elasticity of demand is:
- When the law of demand operates the demand curve:
- Income distribution effects:
- Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
- An individual consumers demand is not determined by:
- Supply of commodity is a:
- Which is the correct statement?
- In Edgeworth model, price remains:
- Which of the following is an implicit cost of production?
- The concept of period refers to:
- The greater the percentage of income spent on a commodity:
- Demand is elastic when the coefficient of elasticity is:
- Who wrote A Contribution to the Theory of Trade Cycle?
- A firm under perfect competition has:
- In dominant strategies I am doing the best, I can no matter:
- In monopoly:
- When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there…
- Price discrimination is undertaken with the aim of:
- Each firm in cournot model assumes that its competitor will:
- If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
- Most of the supply curves with which the average consumer deals are:
- Formulation of an economic theory involves:
- In monopolistic competition, the customers are attached with one product because of:
- A monopoly producer usually earns:
- The law of variable proportions comes into being when:
- Social costs equal private costs when:
- If the price of product increases and in the result the demand for product B also increases then:
- In the real world, some competitive firms owns specialized resources that earn a return called:
- The Purchasing Power Parity (PPP) Theory is presented by:
- Economics is a: