Which describes a competitive market?
Many buyers and many sellers
One seller, many buyers
One buyer, many sellers
Few sellers, many buyers
- In Edgeworth model, if price falls below competitive price, the demand is:
- At the shut-down point in perfect competition:
- The cobweb model will convergent when the slope of:
- When price increases and with it the total outlay on a commodity also increases, it is a case of:
- Equilibrium of a firm represents maximization of profits as well as:
- Which of the following pairs of commodities is an example of substitutes?
- The demand of the luxuries is:
- Total costs in the short-term (short-run) are classified into fixed costs and variable costs. Which…
- Consumers Surplus can also be defined as:
- Which industries spend a relatively large share of their revenue on research and development in order…
- The cobweb model will divergent when the slope of:
- The budget constraint equation of the firm is:
- All of the following curves are U-Shaped except:
- Stable cobweb model is a:
- In long run competitive equilibrium:
- The isoquant approach is:
- The general form of Cobb-Douglas production function is:
- According to M.Kalecki, the true measure of the degree of monopoly power is the:
- The reserve capacity in administration is advocated on the ground that demand for a product will:
- A maximin strategy:
- Which of the following theories of trade cycle was presented by William Jevons?
- The real income of a consumer is income in terms of:
- In the long-run competitive equilibrium:
- All money costs can be regarded as:
- The monopolist who is producing the same output from two (or more than two) plants is concerned with:
- The Law of Equi-Marginal Utility states:
- In microeconomics, we study:
- Average Revenue means:
- The Substitution Effect (S.E) is always:
- The difference between average cost and average revenue is: