His output is maximum
He charges a high price
His average cost is minimum
His marginal revenue is equal to marginal cost
D. His marginal revenue is equal to marginal cost
MC = AC and P=MR
MC=MR and P =AR= ATC
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
Average variable cost
Average fixed cost
Both average fixed and variable cost
None of the above
A few
Four
Two
Very large
Oligopoly
Pure competition
Perfect competition
Monopolistic competition
Marginal cost is zero
Total cost is zero
External costs are zero
Average costs are zero
Cup-shaped
Oval-shaped
Saucer-shaped
Glass-shaped
Convex to the origin
Concave to the origin
A straight line
Rising upwards to the right
Marginal usefulness
Marginal cost
Both of them
None of them
Hiring the building for the factory
Purchasing heavy machines
Paying the manager of the factory
Paying the laborers
Negative
Positive
Infinite
Zero
E.H.Chamberlin
Joan Robinson
E.A.G.Robinson
J.M.Keynes
Perfect elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unit elastic
Relatively inelastic (less than one elasticity)
Only under socialism(communism)
Only under capitalism
Under both (a) and (b)
None of the above
Consumer tastes
Prices of inputs
Technology
Number of sellers
Price demanded and price paid
Price quoted and price actually paid
Price that a consumer is willing to pay and the price actually paid
None of the above
Rising cost
Falling cost
Rising input
Falling input
All fields of production
Agriculture
Mining
Manufacturing
Can enter and exit
Partially can enter and exit
Cannot enter
None of the above
A system of relative prices
A belief that employees work for the good of society
Government ownership of the means of production
Moral incentives to encourage productive efficiency
Increase demand for the good
Increase supply of the good
Reduce the equilibrium price of the good
None of the above
Technological progress that causes to raise the marginal product of capital and labor in the same proportion
Technological progress that causes the marginal product of capital to increase relative to the marginal product of labor
Technological progress that causes the marginal product of labor to increase relative to the marginal product of capital
None of the above
Total costs
Fixed costs
Variable costs
Marginal costs
Horizontal
Vertical
Positively sloped
Negatively sloped
higher prices
zero prices
lower prices
specific prices
Is only one technique of production
Are few techniques of production
Are many techniques of production
Are two techniques of production
Stable
Unstable
Negative
Neutral
Price of the commodity
Conditions of supply
Taste of the consumer
Demand for the commodity
More than maximum output
More than minimum output
Less than maximum output
Less than minimum output
Where the gap between the two is the smallest
Where the gap between the two is the greatest
Where the two become equal
None of the above