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When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR will:

A. Positive

B. Negative

C. Zero

D. None of the above

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

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  1. In constant sum game (zero sum game), if there are two parties then:
  2. General Equilibrium deals with the equilibrium of the:
  3. Nash equilibrium is applicable in case of:
  4. A firm is a sum of persons who convert:
  5. Any straight line supply which cuts the x-axis will have:
  6. Marginal revenue from a given output:
  7. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  8. The relationship between price effect, income effect and substitution effect is:
  9. The difference between average cost and average revenue is:
  10. MC curve is:
  11. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  12. The Tit for Tat strategy means cooperation by the 2nd firm if:
  13. The games which played by players again and again are called:
  14. A monopolist has control over the price he charges for his product. He will be able to maximize his…
  15. Time Preference Theory of Interest was presented by:
  16. A monopoly producer usually earns:
  17. When price decreases and with it the total outlay on a commodity also decreases, it is a case of:
  18. If production increases under constant returns to scale, the cost will:
  19. The supply curve would probably shift to the right if:
  20. With which of the following concepts is the name of J.M.Keynes particularly associated?
  21. In monopolistic competition, the firm compete on the basis of:
  22. The falling part of total Utility (TU) curve shows:
  23. To attain maximum profits during short-run a firm should produce the output that will:
  24. Two policy variables, product and selling activities in the theory of firm was introduced by:
  25. The costs faced by the firm against variable factors are:
  26. The kinked demand curve comes into being where:
  27. When a competitive firm is in equilibrium in the long-run, its output is such that:
  28. Which describes a competitive market?
  29. Opportunity costs are also known as:
  30. Economics is a: