Q341
Open questionThe average total cost pf producing 50 units is Rs.250 and total fixed cost is Rs.1000. What is the average fixed cost of producing 100 units?
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Q342
Open questionUnder Marginal utility analysis, utility is assumed to be a
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Q343
Open questionThe 'substitution effect' takes place due to change in
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Q344
Open questionThe degree of monopoly power is measured in terms of difference between
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Q345
Open questionDiscriminating monopoly is possible if two markets have
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Q346
Open questionConsumer's surplus left with the consumer under price discrimination is
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Q347
Open questionIn short run, a firm in monopolistic competition
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Q348
Open questionIn long-run, all firms in monopolistic competition
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Q349
Open questionIn a perfectly competitive market
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Q350
Open questionIf the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for
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Q351
Open questionAn inferior commodity is one which is consumed in smaller quantities when the income of consumer
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Q352
Open questionIn long run equilibrium, the pure monopolist can make pure profits because of
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Q353
Open questionPositive income elasticity implies that as income rises, demand for the commodity
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Q354
Open questionA firm under perfect competition will be making minimum losses (in the short run) at a point where
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Q355
Open questionWhich of the following is not a feature of perfect competition?
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Q356
Open questionIf firm's average cost curve is falling then marginal curve must be
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Q357
Open questionWhich of the following is a cause of an economic problem?
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Q358
Open questionCalculate income elasticity for the household when the income of a household rises by 10% and the demand for Rice rises by 5%.
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Q359
Open questionWhen two goods are perfect substitutes of each other, then
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Q360
Open questionIn the long run, normal profits are included in the _____ curve
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