When total revenue (TR) falls in monopoly then elasticity of demand is:

A. E =1

B. E >1

C. E <1

D. E =0

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

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  1. The fixed cost of a firm:
  2. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  3. For a commodity giving large consumers surplus, the demand will be:
  4. Marginal utility (MU) always:
  5. Which one of the following has been the most influential work of F.H.Knight?
  6. Diminishing returns occur when a firm:
  7. A monopolist:
  8. In cournot model, firms face:
  9. If the production function is homogeneous, the expansion path will be a straight line through the origin…
  10. The slope of indifference curve shows:
  11. The Law of Equi-Marginal Utility refers to:
  12. MC curve is:
  13. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  14. Production is a function of:
  15. If Marginal Utility (MU) is zero, then total utility is:
  16. Micro economics is concerned with:
  17. In the long run average costs curve, a firm can change:
  18. At final equilibrium in cournot model, each firm sells:
  19. Which of the following is assumed to be constant when a supply curve is drawn:
  20. Production function relates:
  21. In case of giffin good, price effect is:
  22. Which of the following formulae explain the term average revenue?
  23. In the perfect competition, there is a process of:
  24. In monopolistic competition, the firm take advantage due to customers:
  25. For the given production function, technical efficiency is defined as:
  26. Price discrimination is possible:
  27. AR curve under perfect competition:
  28. If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
  29. On all points of budget (price) line:
  30. If cross-elasticity of one commodity for another turns out to be zero, it means they are: