101.
Marginal revenue is always less than price at all levels of output in

102.
What does price elasticity of demand measure?

103.
The elasticity of substitution between two perfect substitutions is

104.
Which of the following is NOT a characteristic of perfect competition?

105.
When marginal revenue is zero, total revenue is

106.
Which one is increasing function of price?

107.
The consumer is in equilibrium at a point where the budget line

108.
Which of the following oligopoly models is concerned with the maximization of joint profits?

109.
A firm decides to exit the industry when

110.
It describes the law of supply