When total product falls:

A. MP is positive

B. MP is negative

C. MP is falling

D. MP is rising

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  1. Price discrimination is possible:
  2. In which case the elasticity shown by the different points of a curve is the same?
  3. Moving down along a linear demand curve:
  4. Elasticity (E) expressed by the term, 8 >E>1, is:
  5. Change in demand refers to:
  6. If X and Y are close substitutes, a fall in price of X will lead to:
  7. Market demand curve is:
  8. In monopolistic competition, the firms face:
  9. When the law of demand operates the demand curve:
  10. Under pure monopoly, there will be:
  11. Average Revenue means:
  12. A demand curve is not related to:
  13. The kinked demand curve comes into being where:
  14. We can find total utility by:
  15. Increase in demand occurs when:
  16. In Prisoners Dillemma, the players are:
  17. On all points of budget (price) line:
  18. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  19. Because the price elasticity of demand for OPEC oil is approximately .08, in order to increase revenues…
  20. An increase in the price of the good measured on the horizontal axis causes:
  21. All of the following are capital resources except:
  22. Which of the following is assumed to be constant when drawing a demand curve?
  23. The equilibrium of a firm is determined by the equality of MC and MR in only:
  24. According to translog production function, elasticity of substitution is:
  25. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  26. A shift in the demand for a product is likely to result from a change in:
  27. If money income is given then consumer is in equilibrium when:
  28. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  29. Under perfect competition, the average revenue, marginal revenue and price are shown:
  30. The central problem of economics is: