Increasing returns to scale
Decreasing returns to scale
Constant returns to scale
Variable returns to scale
C. Constant returns to scale
Fully spent
Half spent
Partially spent
Nearly spent
That each firm can influence the price
No single firm can influence the price
Any single firm can influence the supply condition in the market
Any single firm can influence both supply and price in the market
TC = TR and MC = MR
Firms operate at a minimum average total cost
There is no incentive for entry or exit of firms
All these conditions exist
Substitution effect
Income effect
Both substitution and income effect
None of them
Separately in different cells
Collectively in different cells
Collectively in same cell
Separately in same cell
They yield higher total utility
They yield higher marginal utility
They are more useful
None of the above
Horizontal
Vertical
Positively sloped
Negatively sloped
MP is negative
MP is infinite
MP is zero
None of the above
Exact science
Inexact science
Pure science
All of the above
All fields of production
Agriculture
Mining
Manufacturing
Consumers get better quality goods
Cost of production falls and hence price will follow
Goods will be sold in many markets
None of the above
Sunspot Theory
Monetary Theory
Saving-Investment Theory
Innovation Theory
Style
Consumer
Cost
Material
Payments for raw materials
Labor cost
Transportation charges
Insurance premium on property
Fully spent
Half spent
Partially spent
Correctly spent
Starts incurring losses
Uses more and more of one input while holding all other inputs constant
Does not utilize its inputs efficiently
Cuts down on the quantity of all inputs it uses
Planned products curve
Planned material curve
Planned costs curve
Planned sales curve
The last unit of a good
All the units of a good
The first unit of a good
The average unit of a good
P=AR and P>MR
P=MC and MC=AC
None of the above
Multiplying the number of unit by its marginal utility
Adding up the marginal utility of all units
Multiplying price by number of units
None of the above
X-axis
Y-axis
Z-axis
None of the above
Maximum
Minimum
Equal
Lower
More than AC curve
Less than AC curve
Equal to AC curve
None of the above
Banned
Free
Partially free
Allowed
Is equal to the substitution effect
More than offsets the substitution effect
Reinforces the substitution effect
Only partially offsets the substitution effect
Negative
Inverse
Positive
Both (a) and(b)
Is not in equilibrium
Will not buy any banana
Will buy some banana but less than he buys of apples
Is willing to pay more for apples than bananas
When there is a single producer
When there is a single producer without any close substitute
When there is a single producer with close substitutes
When a few producers control the industry
Firms and industry price
Monopoly and duopoly price
Competitive and monopoly price
None of the above
J.M.Keynes
E.D.Domar
Adam Smith
Gustav Cassel