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When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility and price is:

A. Increased

B. Equalized

C. Prominent

D. Zero

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

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  1. Income -elasticity of demand will be zero when a given change in income brings about:
  2. If two goods are complements then indifference curve (IC) will be:
  3. At low prices, demand is likely to be:
  4. The cost of one thing in terms of the alternative given up is known as:
  5. Pure monopoly exists:
  6. Which one of the following is also known as Plant Curves:
  7. In case of monopoly:
  8. On a straight line demand curve, elasticity of demand at the midpoint is:
  9. The Prisoners Dilemma was presented by A.W.Tucker in:
  10. With which of the following concepts is the name of J.M.Keynes particularly associated?
  11. Traditionally, the study of determination of price is called:
  12. The partial equilibrium model keeps other things:
  13. Who wrote An Introduction to Positive Economics?
  14. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  15. The real income of a consumer is income in terms of:
  16. To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
  17. If the commodities X and Y are perfect substitutes then:
  18. The general form of Cobb-Douglas production function is:
  19. If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
  20. The main contribution of David Ricardo is in the field of:
  21. If the increase in demand is more than the increase in supply, the price will:
  22. In 1932, The nature and significance of economic science was written by:
  23. The production function of homogeneous of degree one (n=1) is also called:
  24. If the supply and demand increases equally, the price will:
  25. Which of the following has more elastic demand curve?
  26. The relationship between price effect, income effect and substitution effect is:
  27. If the demand curve is horizontal then its slope is:
  28. The pay-off matrix shows:
  29. An increase in the supply of a commodity is caused by:
  30. In the case of an inferior good, the income effect: