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Which is not a central problem of an economy?

A. What to produce

B. How to produce

C. How to maximize private profit

D. For whom to produce

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

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  1. The situation in between the extremes of the govt. controlled, planned economy and the perfectly free,…
  2. The firm in cournot model:
  3. The spending of money by the producer to influence consumers is an example of:
  4. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  5. Gold is bought and sold in a:
  6. 4.The Law of Diminishing Returns according to the modern view, applies to:
  7. Increasing returns is not caused by:
  8. Which of the following formula determine the income elasticity of demand?:
  9. An optimum level of a firms output is:
  10. Which of the following is not a feature of isoproduct curves?
  11. Extension (expansion) and contraction of demand are result of:
  12. The total utility (TU) curve is:
  13. Marginal revenue from a given output:
  14. When was Adam Smiths major work An Enquiry into the Nature and Causes of Wealth of Nations published?
  15. All the firms with identical costs under perfect competition well, in the long-run, earn only:
  16. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  17. Necessary condition for consumer equilibrium is:
  18. The reaction curve of a firm is attained by joining the:
  19. Which of the following is an implicit cost of production?
  20. In monopolistic competition, the real differentiation in products is due to difference in:
  21. Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
  22. Moving down along a linear demand curve:
  23. The production function can convey to a firm:
  24. The output where TC = TR & AC = AR:
  25. The slope of budget line shows the price ratios of:
  26. In Prisoner Dilemma, the best choice of strategy is:
  27. Regarding economic decisions, economics of uncertainty identifies:
  28. The game theory was basically presented by:
  29. Price discrimination is possible:
  30. The fundamental choices that a society must make about the use of its resources include: