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Q. Variable costs are:

Q. Isoquants are equal to:

Q. A game that involves multiple moves in a series of identical situations is called a

Q. A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and Y is 16 units. The unit price of X is Rs.5. The price of Y is:

Q. A strategy that is best regardless of what rival players do is called

Q. ______ shows the overall output generated at a given level of input:

Q. Diminishing marginal returns implies:

Q. In the Kinked Demand Curve theory:

Q. Increasing returns to scale can be explained in terms of:

Q. If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be: