(A) Marginal rate of substitution.
(B) Marginal rate of technical substitution.
(C) Slope of the isocost curve.
(D) Average product of the input.
Which country continues to top the list of the world’s most powerful passport?
(A) UAE
(B) Japan
(C) France
(D) Russia
According to the utility model of consumer demand, the law of diminishing marginal utility indicates that the demand curve is:
(A) Vertical
(B) U-shaped
(C) Upward-sloping
(D) Downward-sloping
International Conference on Climate Resilient held in?
(A) Paris
(B) Geneva
(C) Dubai
(D) Tokyo
When International Conference on Climate Resilient held?
(A) 07 January 2023
(B) 08 January 2023
(C) 09 January 2023
(D) 10 January 2023
Who have co hosted International Conference on Climate Resilient along with United Nations Secretary General Antonio Guterres?
(A) Prime Minister of Pakistan Shahbaz Sharif
(B) Finance Minister Ishaq Dar
(C) President of Pakistan Dr. Arif Alvi
(D) None of the above
Consumers will maximize satisfaction when:
(A) The price of each good is exactly equal to the price of every other good
consumed.
(B) The price of each good is exactly equal to the total utility derived from the
consumption of every other good.
(C) The marginal utility of the last dollar spent on each good is exactly equal
to the marginal utility of the last dollar spent on any other good.
(D) Marginal utility is equal to average utility.
__ is the extra value that consumers receive above what they pay for that good.
(A) Producer surplus
(B) Utility
(C) Marginal utility
(D) Consumer surplus