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With firms having cost differences under perfect competition, a firm, which earns normal profit in the long-run is called:

A. An optimum firm

B. A representative firm

C. An oxford firm

D. A marginal firm

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

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  1. Capital Saving Technological Progress can be defined as:
  2. Capital and Development Planning is the work of:
  3. The shape of the TC curve is:
  4. Each short run average cost curve:
  5. Identify the author of The Social Framework:
  6. Each firm in cournot model assumes that its competitor will:
  7. The short run cost curve is U shaped because of:
  8. Using total revenue and total cost, a profit maximizing firm will be equilibrium at a point:
  9. The line from the origin to a point on an isoquant shows:
  10. In the case where two commodities are good substitutes then cross elasticity will be:
  11. The cobweb model will divergent when the slope of:
  12. Which of the following models are associated with non-collusive oligopoly?
  13. The slope of marshallian demand curve is:
  14. In respect of which of the following category of goods is consumers surplus highest?
  15. The slutsky demand curve includes:
  16. When the law of demand operates the demand curve:
  17. The slope of indifference curve shows:
  18. If as a result of an increase in prices, total outlay (expenditures) on a commodity decreases, its price-elasticity…
  19. According to marginalistic rule, the profit maximization hypothesis requires:
  20. In monopolistic competition, the firms follow:
  21. When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there…
  22. According to Marshallian approach, utility:
  23. Opportunity costs are also known as:
  24. Gold is bought and sold in a:
  25. Marginal utility means:
  26. Who wrote An Introduction to Positive Economics?
  27. Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
  28. At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…
  29. Economics define technology as:
  30. In Prisoner Dilemma, the best choice of strategy is: