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Which of the following is called Gossens first law?

A. Law of production

B. The Law of Equi-Marginal Utility

C. The Law of Diminishing Marginal Utility

D. Law of Variable Proportions

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

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  1. The marshallian indirect utility function in the form of equation is:
  2. The short-run periods in monopolistic competition are:
  3. The Law of Proportionality is another name of:
  4. The ordinary demand curve is also called:
  5. Used cars are sold in:
  6. If the prices of goods rise then:
  7. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  8. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  9. An effective price ceiling usually results in:
  10. At final equilibrium in cournot model, each firm sells:
  11. As the price of diamond is higher, so it has:
  12. Whenever a group of monopolistic competitors attains equilibrium, the firms in this group usually:
  13. When at a given price, the quantity supplied of a commodity is more than the quantity demanded, there…
  14. The good will highest income elasticity is:
  15. The main contribution of Prof.Robbins is in the field of:
  16. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  17. A firm under perfect competition has:
  18. In monopolistic competition, the cost curves of all firms are:
  19. According to Diamond Water Paradox diamonds are more expensive than water because:
  20. A monopolist is:
  21. The Law of Equi-Marginal Utility states:
  22. One way the government can induce a monopolist to expand his output is by imposing:
  23. In the immediate run:
  24. Total variable cost curve:
  25. Who is the founder of classical school of thought?
  26. Extension (expansion) and contraction of demand are result of:
  27. The production function of homogeneous of degree one (n=1) is also called:
  28. Each firm in cournot model assumes that its competitor will:
  29. An increase in the price of the good measured on the horizontal axis causes:
  30. Moving along an indifference curve leaves the consumer: