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When total revenue is maximum in monopoly, elasticity of demand is:

A. E =1

B. E >1

C. E <1

D. E =0

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  1. The slope of indifference curve shows:
  2. The pay-off matrix shows:
  3. The maximization of output subject to cost requires equilibrium at the:
  4. The equilibrium conditions, MC = MR = AR = AC, will happen:
  5. The marshallian demand curve includes:
  6. MC = MR = AC = AR shows the long run equilibrium position of the:
  7. The slope of isocost line (budget line) shows:
  8. If the price of a product falls then quantity demanded tends to increase ceteris paribus because:
  9. In case of budget line, we get pairs of two goods where consumers income is:
  10. When total revenue (TR) falls in monopoly then elasticity of demand is:
  11. In case of giffin good, price effect is:
  12. According to current thinking, the law of diminishing returns applies to:
  13. Price discrimination is undertaken with the aim of:
  14. Consumers are likely to get a variety of similar goods under:
  15. MC is given by:
  16. The engineering production function and engineering costs curves are concerned with the:
  17. According to translog production function, elasticity of substitution is:
  18. The slope of budget line shows the price ratios of:
  19. Price discrimination occurs when:
  20. A normal profit is:
  21. In dominant strategies I am doing the best, I can no matter:
  22. With which of the following concepts is the name of J.M.Keynes particularly associated?
  23. Which is not a central problem of an economy?
  24. When there is decrease in demand the demand curve:
  25. Total profits are maximized at the point where:
  26. The concept of period refers to:
  27. The MC curve cuts the AVC and ATC curves:
  28. All money costs can be regarded as:
  29. In market sharing cartel model, cartel determines the shares of:
  30. Under perfect competition, a firm will be in equilibrium if: