Which of the following is not a U shaped curve:
Marginal cost curve
Average variable cost curve
Fixed cost curve
Average cost curve
- Iso-product curve (isoquant) shows:
- All of the following are capital resources except:
- In Edgeworth model, if price falls below competitive price, the demand is:
- Demand of a commodity is elastic when:
- The entry of new firms in cournot model is:
- In cournot model, at equuilibrium when MC = MR, the elasticity of demand is:
- Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
- According to law of Equi-Marginal Utility when price of commodity falls then we bought:
- When a competitive firm is in equilibrium in the long-run, its output is such that:
- A price is a ratio of exchange between:
- The budget constraint can be written as:
- If two goods have same marginal utility for a consumer then:
- The optimum level of output in long run takes place where:
- A good tends to have relatively inelastic demand, if:
- In cournot model, during the process of adjustment, the number of firms:
- Ceteris paribus clause in the law of demand means:
- An inferior good/ commodity is inferior for:
- Capital and Development Planning is the work of:
- According to Cobb-Douglas, in production function the marginal product of labor is:
- In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
- Microeconomics deals with the:
- When total product falls:
- If in the long run, output increases in the same proportion as increase in all the input in the given…
- Along an isoquant, output remains same, and capital labor ratio:
- Elasticity of Substitution (s) is defined as:
- At a point above the middle of a straight line demand curve, elasticity of demand is:
- In dominant price leadership model, the small firms are like:
- A monopoly producer has:
- Price discrimination is possible:
- Identify the work of T.W.Schultz: