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Q. With fixed costs of Rs.400, a firm has average total costs of Rs.3 and average variable costs of Rs.2.50. Its output is:

Q. Isoquants are equal to:

Q. In game theory, the outcome or consequence of a strategy is referred to as the

Q. If the cross-price elasticity between two goods is negative, the two goods are likely to be:

Q. If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be:

Q. The price elasticity of demand is defined as

Q. If you know that with 8 units of output, average fixed cost is Rs.12.50 and average variable cost is Rs.81.25, then total cost at this output level is:

Q. In Game Theory:

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

Q. A firm encountering economies of scale over some range of output will have a: