In which form of the market structure is the degree of control over the price of its product by a firm very large?

Which is the first order condition for the profit of a firm to be maximum?

What is the shape of the demand curve faced by a firm under perfect competition?

In describing a given production technology, the short run is best described as lasting:

A firm’s average fixed cost is Rs. 20 at 6 units of output. What will it be at 4 units of output?

Which of the following statements is true of the relationship among the average cost functions?

Which of the following cost curves in never ‘U’ shaped?

A vertical supply curve parallel to Y axis implies that the elasticity of supply is:

An indifference curve slopes down towards right since more of one commodity and less of another results in :

If electricity demand is inelastic, and electric rates increase, which of the following is likely to occur?