Making a profit
Incurring a loss but should continue to produce in the short-run
Incurring a loss and should stop producing immediately
Making a normal profit
B. Incurring a loss but should continue to produce in the short-run
Utility demand function
Compensated demand function
Collective demand function
Relative demand function
P.E = S.E + I.E
S.E = P.E +I.E
I.E = P.E +S.E
S.E = P.E +2I.E
Alfred Marshal
Adam Smith
Karl Marx
George Stigler
Donot change
Change
Both a and b
None of the above
Specialization of labor
Technological advancement
Marketing economics
Varying factor proportions
Output
Input
Demand
Price
Break-even point
Load point
Shut-down point
Revenue cost point
Optimal factor proportions
Fixed scale of plant
External and internal economies
Labor productivity
Both price and output
Either price or output
Neither price nor output
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
Thousands
Few
Innumerable
Hundreds
A function of price alone
A result of change in tastes
A result of increase in the size of the family
None of the above
The firms producing with excess capacity
The firms producing at their minimum costs
Firms producing at a cost higher than the minimum
Some firms producing under decreasing costs and others under increasing costs
Both move together and reinforce each other
One moves and the other remains constant
Move in the opposite direction and neutralize each other
Both remain constant
An axiom
A proposition
A hypothesis
A tested hypothesis
Price system
Barter system
Islamic economic system
Socialistic system
Get steeper
Shift parallel to right
To get flatter
To shift upward
K.N.Raj
Amartiya Sen
A.C.Pigou
Alfred Marshal
TFC TVC
TFC/TVC
TVC/TFC
TFC +TVC
Minimum of average variable cost
Minimum of marginal cost
Minimum of average fixed cost
Minimum of average cost
Decreasing returns to scale
Variable returns to scale
Constant returns to scale
Increasing returns to scale
Many goods
Few goods
Two goods
Three goods
Increasing returns to scale
Decreasing returns to scale
Constant returns to scale
Variable returns to scale
Positive
Unitary
Negative
Infinite
Less than one
Equal to one
Greater than one
Less than one
Differentiated goods
Homogeneous goods
Advertised goods
Distress sale of goods
Reduces its revenues
Increases its revenues
Can sell nothing
None of the above
Cost maximization
Product maximization
Revenue maximization
None of the above
Perfectly elastic
Relatively elastic
Unitary elastic
Relatively inelastic
Normal profits
Abnormal profits
Differential profits
No profits