Downward sloping
Upward sloping
Horizontal straight line
Vertical straight line
B. Upward sloping
Total utility will increase by 6 units
The marginal utility per rupee is 6
The consumer will buy more because marginal utility is positive
The consumer obtained an extra54 units
Long run
Short run
Average run
None of the above
output
input
price
advertisement
Moves (shifts) towards the axis
Moves (shifts) away from the axis
Remains unchanged
All of the above
Tangent to the lowest isoquant
Tangent to the given isoquant
Above the given isoquant
Below the given isoquant
Equal to one
Less than one
Equal to zero
Equal to infinite
Smith
Kaldor
Sraffa
Marshal
Is considered to be negligible and thus ignored
Is considered to be vital for the calculation of total cost
Is charged along with the price of the commodity
None of the above
Adam Smith
David Ricardo
Alfred Marshal
A.C.Pigou
Negative
Zero
Positive
Infinite
Is only a choice among the technologically efficient combination
Depends on the relative price of inputs
Depends on the price of the product
Depends on the profits made
Technical relationship between input of a variable factor and the resulting output
Any economic relationship between input and output
An output maximizing relationship
A relationship with input changing and corresponding changes in output
No risks
Risks
Safety
None of the above
Will mainly paid by sellers of the product
By mainly paid by cigarette smokers
Be mainly paid by tobacco growers
None of the above
Where marginal cost is minimum
Where average cost is minimum
Where both the marginal and the average cost curves are at their respective minimum
Where the firm earns the maximum profits
Vertical
Horizontal
Controlled by the largest producers
Unaffected by inflation
Slutsky approach
Hicksian approach
Marshallian approach
None of the above
Total utility to fall and marginal utility to increase
Total utility and marginal utility both to increase
Total utility to fall and marginal utility to become negative
Total utility to become negative and marginal utility to fall
Firm
Product group
Producers
Shopkeepers
banned
allowed
partially allowed
none of the above
Many goods have no effective substitutes
Nearly all goods have substitutes
The prices of substitute goods must be the same
Buyers will stop buying a good if its price rises
Real Marginal Utility
Gross Marginal Utility
Weighted Marginal Utility
Money Marginal Utility
Monopoly
Private property
Workable competition
Oligopoly
More units
Less units
Same units
Zero units
Where there is no retail trade and every thing is sold on wholesale basis
Where trading of a particular commodity is controlled exclusively by one firm
Where many people sell only one commodity
A form of business organization in which only single proprietorship exists
Diminishes with increased consumption
Reflects the overall level of satisfaction of the consumer
Is directly related to the price the consumer is willing to pay for a good or service
Is independent of price changes
Monopoly
Perfect competition
Imperfect competition
Monopolistic competition
None of the above
In the short-run under perfect competition
In the long-run under perfect competition
In the short-run under monopolistic competition
In the long-run under monopolistic competition
Friends
Relatives
Family
All of them