Which of the following is not a feature of isoproduct curves?
Are downward sloping to the right
Show different input combination producing the same output
Intersect each other
Are convex to the origin
- To attain maximum profits during short-run a firm should produce the output that will:
- Which of the following formula determine the income elasticity of demand?:
- The Lambda or Langrange Multiplier is a:
- Who is the author of Choice of Technique?
- We can find total utility by:
- When total revenue is maximum in monopoly, elasticity of demand is:
- Moving down along a linear demand curve:
- Who is the founder of classical school of thought?
- Perfect competition assumes:
- In case of monopoly, TR curve rises at a:
- At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…
- According to Smith, by value we mean the value with respect to use, and the price we mean the value…
- Firms average and marginal revenues are equal under:
- The ordinal approach was presented by:
- The fundamental choices that a society must make about the use of its resources include:
- In monopolistic competition, the real differentiation in products is due to difference in:
- If the commodity is normal then Income Effect (I.E) is:
- In Nash equilibrium, a player:
- Now-a-days in real life, we are unable to fined:
- We get constant returns to scale when:
- A monopoly producer usually earns:
- Production is a function of:
- If the commodity is normal then price effect is:
- Implicit costs are the costs:
- Marginal cost is always:
- The fixed cost of a firm:
- The behavior of MC curve is determined by the behavior of the:
- Loanable funds theory of Interest was developed by:
- The competitive equilibrium leads to:
- Total utility: