When total revenue is maximum in monopoly, elasticity of demand is:
E =1
E >1
E <1
E =0
- The slope of indifference curve shows:
- The pay-off matrix shows:
- The maximization of output subject to cost requires equilibrium at the:
- The equilibrium conditions, MC = MR = AR = AC, will happen:
- The marshallian demand curve includes:
- MC = MR = AC = AR shows the long run equilibrium position of the:
- The slope of isocost line (budget line) shows:
- If the price of a product falls then quantity demanded tends to increase ceteris paribus because:
- In case of budget line, we get pairs of two goods where consumers income is:
- When total revenue (TR) falls in monopoly then elasticity of demand is:
- In case of giffin good, price effect is:
- According to current thinking, the law of diminishing returns applies to:
- Price discrimination is undertaken with the aim of:
- Consumers are likely to get a variety of similar goods under:
- MC is given by:
- The engineering production function and engineering costs curves are concerned with the:
- According to translog production function, elasticity of substitution is:
- The slope of budget line shows the price ratios of:
- Price discrimination occurs when:
- A normal profit is:
- In dominant strategies I am doing the best, I can no matter:
- With which of the following concepts is the name of J.M.Keynes particularly associated?
- Which is not a central problem of an economy?
- When there is decrease in demand the demand curve:
- Total profits are maximized at the point where:
- The concept of period refers to:
- The MC curve cuts the AVC and ATC curves:
- All money costs can be regarded as:
- In market sharing cartel model, cartel determines the shares of:
- Under perfect competition, a firm will be in equilibrium if: