Gunnar Myrdal
N.Kaldor
A.C.Pigou
J.K.Galbraith
D. J.K.Galbraith
Budget line cuts the isoquant
Budget line is below the isoquant
Budget line is tangent with isoquant
None of the above
Concave to the origin
Convex to the origin
Positively sloped
Negatively sloped
Appear
Diminish
Prominent
Increase
Profit curve
Demand curve
Average cost curve
Indifference curve
TFC TVC
TFC/TVC
TVC/TFC
TFC +TVC
Costs per unit of output are lowest
Total profits are highest
Marginal cost is lowest
Profit per unit of output is zero
Nil resources
Limited resources
Many resources
Extra resources
Isoprofit curve
Super profit curve
Normal profit curve
Indoprofit curve
Gunner Myrdal
A.C.Pigou
J.M.Keynes
J.R.Hicks
Fully spent
Half spent
Partially spent
Nearly spent
Two
Many
Four
Very few
Separately in different cells
Collectively in different cells
Collectively in same cell
Separately in same cell
Constant
On increasing
Independent
Indeterminate
1/2 of the total market demand
1/4 of the total market demand
1/3 of the total market demand
None of the above
The substitution effect is more certain
The income effect is more certain
The substitution effect is uncertain
The income effect is always positive
Price theory
Demand theory
Supply theory
Income theory
MRS
MRT
MRTS
MRPS
That how many utils are obtained from consuming different bundles of commodities
Different collections of two commodities the consumer considers to be of equal value
That if price increases there will be an increases in demand
None of the above
Made by agency
Not made by agency
Made by people
None of the above
Price of the commodity
Price of the substitutes
His household income
Size of countrys population
Cannot make price adjustments
Can make price adjustments
Can adjust number of customers
None of the above
The price of their product
Product quality
The shape of the market demand curve
The elasticity of product substitution
Due to change in price while other factors remain constant
Due to change in factors other than price
Both a and b
None of the above
All consumers are alike
Incomes of all consumers is the same
Tastes of all consumers are the same
Consumers differ in taste, incomes and other matters
dR/dQ + dC/dQ = 0
dR/dQ - dC/dQ = 0
dC/dQ - dR/dQ = 0
dR/dQ > dC/dQ > 0
Functional relationships
Family relationships
Economic position
Stagnant relationships
Per unit revenue received from all the units sold by the producer
Revenue of the units having average size
Total number of units× Revenue per unit
Total revenue × Number of units sold
Beef
Mutton
Bread
Motion-picture tickets
Rise
Fall
Remain the same
None of the above
A zero economic profit
Revenues less explicit cost
About 10% for most industries
A zero accounting profit