info@avatto.com
+91-9920808017
26. MU curve will be below X-axis when
MU is zero
MU is negative
MU is positive
MU is constant
Your email address will not be published. Required fields are marked *
Report
Name
Email
Website
Save my name, email, and website in this browser for the next time I comment.
Comment
27. When the average product increases, the marginal product is
Less than the average product
Equal to the average Product
More than the average product
None of these
28. If two goods are perfect substitutes for each other, it necessarily follows that
An indifference curve relating the two goods will be curvilinear
An indifference curve relating the two goods will be linear
An indifference curve relating the two goods will be divided into two segments which meet at a right angle
An indifference curve relating the two goods will be convex to the origin.
29. In general, profit will be at a maximum where
MC = MR
MC < MR
MC > MR
MC = MR - 1
30. "We are much better off when drawing purely imaginary indifference curves than we are when speaking of purely imaginary utility functions". This is remarked by
J. R. Hicks
Allen
Schumpeter
Paul A. Samuelson
Login with Facebook
Login with Google
Forgot your password?
Lost your password? Please enter your email address. You will receive mail with link to set new password.
Back to login