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46. When the price of one commodity in a combination of commodities falls in such a way that the consumer's real income changes but he remains on the same level of satisfaction as before, it is known as
Income effect
Variation effect
Price effect
Compensating variation in income
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47. Total utility of a commodity can be found by
Multiplying price by number of units
Adding up the marginal utility of all units
Multiplying the number of units by its marginal utility
None of these
48. The slope of the Iso-cost line is determined by
Prices of the two factors
Degree of substitutability of two factors
The productivity of the two factors
49. The time period and elasticity of time are related
Directly
Indirectly
In direct proportion
None of the above
50. In general, if the average revenue curve is a straight line, the marginal revenue curve will be
U-shaped
A straight line
C-shaped
Bell-shaped
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