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Q. If a rational consumer is in equilibrium, then:

Q. The larger the diameter of a natural gas pipeline, the lower is the average total cost of transmitting 1,000 cubic feet of gas 1,000 miles. This is an example of:

Q. Which of the following is a zero-sum game?

Q. In a cartel, member firms may be given a fixed amount to produce. This amount is called

Q. If there is excess capacity in a production facility, it is likely that the firm’s supply curve is:

Q. If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is:

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

Q. In cartels

Q. An isoquant is ______ to an iso cost line at equilibrium point:

Q. Which is not a fixed cost?