Related Posts

---

Q. Which best expresses the law of diminishing marginal utility?

Q. The law of demand states that an increase in the price of a good:

Q. A game that involves interrelated decisions that are made over time is a

Q. As If a few large firms dominate an industry the market is known as:

Q. A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and Y is 16 units. The unit price of X is Rs.5. The price of Y is:

Q. According to ----------- when income increases by a small increment, it leads to increasing marginal utility of income

Q. If the short-run average variable costs of production for a firm are rising, then this indicates that:

Q. Which is not a fixed cost?

Q. At the point of inflexion, the marginal product is:

Q. Variable costs are: