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:**