Multiple Choice
The minimum point of ATC is at.............. position of the minimum point of AVC
A) right
B) left
C) same
D) all of above can be
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Indifference curve is always<br>A)concave to the origin<br>B)convex
Q12: "Utility or satisfaction is a subjective concept;
Q13: Inferior goods are the goods with<br>A)falling income
Q14: The basic doctrine of consumers surplus is
Q15: If negative income effect is less than
Q16: The deductive method is also called<br>A)abstract<br>B)analytical<br>C)priori method<br>D)all
Q17: Price effect is<br>A)income effect - substitution effect<br>B)substitution
Q19: Other things being equal a decrease in
Q20: According to Marshall consumer surplusis:<br>A)total utility -
Q21: An Essay on the Nature and Significance