Home

Join Our Socials

Telegram Group
Join Community
Twitter Group
Pinterest Group
Facebook Group
Subscribe YouTube

What is the correct answer?

4

Who developed the concept of Representative Firm?

A. A.C.Pigou

B. Alfred Marshal

C. J.M.Keynes

D. D.H.Robertson

Correct Answer :

B. Alfred Marshal


Share this question with your friends
Show all Basics of Economics MCQ

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

Submit
Load More..

Related Questions

According to Marshal, the Law of Diminishing Marginal Utility: A market demand schedule is obtained by adding individual demand schedules: Average Revenue means: A typical demand curve cannot be: In monopolistic competition, the firm compete on the basis of: Change in demand refers to: The study of economics just in theoretical way is called: The budget line is described by each of the following except: Identify the author of The Principles of political Economy and Taxation: The Hicksian demand curve includes: When there is decrease in demand the demand curve: If as a result of an increase in prices, total outlay (expenditures) on… On the total utility curve the economically relevant range is the portion… When the demand curve is rectangular hyperbola, it represents: If regardless of changes in its price, the quantity demanded of a commodity… Total utility: When elasticity of demand is one (e=1), then following the formula MR=P[1-1/e],… The game theory concentrates on: When at a given price, the quantity supplied of a commodity is more than… In monopolistic competition, the firms follow: Money spent by a firm on the purchase of capital equipment is: If the factors have to be employed in a fixed ratio, then the elasticity… The relationship between MC and MP shown by the marginal cost concept… Under perfect competition, at equilibrium, marginal cost is: Price discrimination is possible: The Cambridge School of Thought refers to the group of English economists… A monopolist is able to maximize his profit when: In Edgeworth model, price remains: An exceptional demand curve is: If the commodity is normal then price effect is:

Also checkout

Anatomy and Physiology of Skeletal System MCQ Chemical Process MCQ Average MCQ Angiosperms (Taxonomy and Classification) MCQ Artificial Intelligence MCQ Current Affairs April 2023 MCQ Angiosperms (Embryology Life Cycles) MCQ Surds and Indices MCQ Machine Input MCQ Atomic Physics Theory MCQ Morphology of flowering plants MCQ AP Human Geography MCQ