Ratio between price and marginal cost
Extent of monopolistic profit enjoyed by him
Cross-elasticity of demand for the product of the monopolist
Price charged by the monopolist minus marginal cost of production
A. Ratio between price and marginal cost
Upward shift in demand curve
Downward shift in demand curve
Movement on the same demand curve
No movement or shift at all
Opportunity cost
Direct cost
Rent cost
Wage cost
Yield maximum total revenue
Minimize marginal cost
Maximize marginal cost
Equate marginal revenue with marginal cost
Close substitutes
Good complements
Completely unrelated (independent goods)
None of the above
Decreasing returns to scale
Constant returns to scale
Increasing returns to scale
maximum returns to scale
Can be added
Can be subtracted
Can be multiplied
Can be divided
Price of x = Price of z Price of y Price of x
MP of x = MP of y Price of x Price of x
MP of x = MP of y = MP of z Price of x Price of y Price of z
MP of x = MP of y = MP of z
None of the factors are variable in the long-run
All factors are perfectly divisible in the long-run
None of the factors is divisible
Management factor is indivisible while all other factors are divisible and can be varied in long-run
Freedom of entry and exit
Each seller is a price taker
Perfect information about prices
Heterogeneous products
Rise
Fall
Remain unchanged
Change depending on respective elasticities
Negative
Zero
Positive
Infinite
Horizontally
Vertically
Permanently
Perpetually
Positive Economics
Normative Economics
Micro Economics
Development Economics
Biased
Binding
Not binding
Conditional
Ricardo
Marshal
Chamberlin
Mrs. Robinson
Has to touch the long run cost curve
Has to cross the long run cost curve
Has to lie above all points on the long run cost curve
Coincides with the long run cost curve at some point
Shifts rightward
Shifts leftward
Does not shift
None of the above
Labour
Capital
Both of them
None of them
A zero economic profit
Revenues less explicit cost
About 10% for most industries
A zero accounting profit
Equal to zero
Equal to one
Equal to infinity
More than one
Horizontal
Vertical
Positively sloped
Negatively sloped
Principle of diminishing returns
Economies and diseconomies of large scale production
Principle of constant return to scale
All of the above
Deviates from his strategy
Does not deviate from his strategy
Does not think in a good way
None of the above
Two points on demand curve
Two points on supply curve
Many points on demand curve
Many points on demand curve
The supply curve will shift down or right
The supply curve will shift up or left
Both demand and supply curve shifts would occur
None of the above
Monopoly
Perfect competition
Oligopoly
Monopolistic competition
Highly elastic
Perfectly inelastic
Perfectly elastic
Zero elastic
Exotic behavior
Sympathetic behavior
Myopia behavior
Regular behavior
Negative
Positive
Zero
Infinite
S.Kuznets
H.Liebenstein
A.O.Hirshman
Alfred Marshal