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When elasticity of demand is 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

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  1. By increasing the price of its products above those of its competitors, a perfectly competitive seller:
  2. A producer attains the least cost combination when the relation between Marginal Rate of Technical Substitution…
  3. The demand curve in monopolistic competition (also in kinked demand curve model), which shows the share…
  4. Rotten eggs are:
  5. The game theory is concerned with:
  6. In discriminating monopoly (price discrimination), the cost of production in two markets are:
  7. A profit-maximizing monopolist in two separate markets will:
  8. A fall in demand for the product under monopolistic competition will likely result in:
  9. In real life, brand loyalty is a barrier to:
  10. The main contribution of Prof.Robbins is in the field of:
  11. Price leadership is associated with:
  12. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  13. Inputs or Factors of production are defined as:
  14. If a consumer buys a product that costs Rs.3 and provides an additional 18 units of satisfaction, then…
  15. Which is the other name that is given to the average revenue curve?
  16. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  17. Under monopolistic competition, in long-run there is:
  18. The difference between average cost and average revenue is:
  19. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  20. The demand of the luxuries is:
  21. Which is not an essential feature of a socialist economy?
  22. Ceteris paribus clause in the law of demand means:
  23. The main contribution of David Ricardo is in the field of:
  24. In Edgeworth model, price remains:
  25. Economic problems arise because:
  26. The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…
  27. The horizontal demand curve for a commodity shows that its demand is:
  28. In the long-run competitive equilibrium, the theory predicts that:
  29. Opportunity costs are also known as:
  30. The competitive equilibrium leads to: