Lowering the price, if the demand curve is elastic
Lowering the price, if the demand curve is inelastic
Rising the price, if the demand curve is elastic
None of the above is applicable
A. Lowering the price, if the demand curve is elastic
Demand curve for sugar will shift downward (leftward)
Supply curve for sugar will shift leftward (upward)
Demand curve for bread will shift downward (leftward)
None of the above
Downward to the left
Downward to the right
Upward to the right
Upward to the left
The AVC curve
The AFC curve
The AC curve
The MC curve
Cost of the average units
Cost of the last units of average
Cost of the unit of production
Total cost marginal cost
Prof. Robbins
Alfred Marshal
Prof. Senior
Adam Smith
Goods
Goods and survices
Goods and survices it can purchased
Monetary units
Price of the commodity
Conditions of supply
Taste of the consumer
Demand for the commodity
All of the consumer surplus
All of the producer surplus
Some part of the consumer surplus
None of them
Are downward sloping to the right
Show different input combination producing the same output
Intersect each other
Are convex to the origin
output
input
price
advertisement
Income Consumption Curve (ICC)
Engels Curve
Price Consumption Curve (PCC)
Production Possibility Curve (PPC)
Research in mathematical economics
Economics of labor
Theory of production
Theory of demand
Adam Smith
Prof.Pigno
Prof. Robbins
J.B.Clark
The greater its elasticity is likely to be
The weaker its elasticity is likely to be
The unchanged its elasticity is likely to be
None of the above
Price falls
Price increases
Price is unchanged
Taste changed
Warehouses
Buildings
Dams
Share of stock
Income effect is positive but substitution effect is negative
Income effect is negative but substitution effect is positive
Both income effect and substitution effect are negative
Both income effect and substitution effect are positive
Real cost and money cost
Variable cost and fixed cost
Average cost and average revenue
Marginal cost and average cost
Sunspot Theory
Monetary Theory
Saving-Investment Theory
Innovation Theory
Maximize output
Minimize output
Minimize cost
Maximize profit
A strategy taken by a dominant firm
A strategy taken by a firm in order to dominate its rivals
A strategy that is optimal for a player no matter an opponent does
A strategy that leaves every player in a game better off
Aggregates of the economy
Few units of the economy
Large units of the economy
Individual units of the economy
By a same single curve
By three different curves
By downward sloping curve
None of the above
Lord Keynes
J.S.Mill
Alfred Marshal
Prof.Senior
Marginal propensity to consume
Marginal propensity to save
Liquidity preference
All of the above
Only under socialism(communism)
Only under capitalism
Under both (a) and (b)
None of the above
Linearly homogeneous
Zero homogeneous
Infinite homogeneous
None of the above
Producers
Workers
Managers
Consumers
Increase in demand for Y
Decrease in demand for Y
Decrease in demand for both X and Y
No change in demand for Y