Infinite
Zero
Equal to one
None of the
B. Zero
Explicit cost
Implicit cost
Variable cost
Fixed cost
Lower price in order to increase revenues
Lower price in order to decrease the amount of oil sold
Rise price in order to increase the amount of oil sold
Raise price in order to increase revenues
Government
Consumer
Producer
Stock holder
Lowest isoquant
Lowest isocost line
Highest isoquant
Highest isocost line
Lord Keynes
J.S.Mill
Alfred Marshal
Prof.Senior
A specific duration of time
A varying duration of time
A duration of time which permits necessary adjustments
A period with calculated intervals
Price elastic
Price inelastic
Income elastic
Income inelastic
Downward
Upward
Horizontal
Straight line
When he cannot produce at an economic profit
When price falls short of average variable cost at every level of output
When price falls short of average fixed cost at every level of output
When price falls short of average total cost at every level of output
Decrease in the future
Increase in the future
Remain constant
None of the above
Output is effected
Equilibrium is effected
Input is effected
Reputation is effected
Face losses
Avoid losses
Bear losses
Make economic decisions
Greater than one
Equal to one
Less than one but more than zero
None of the above
Supply
Demand
Production
Consumption
Infinite
Zero
Equal to one
None of the above
Every consumer
Most consumers
All consumers
Some consumers and not for others
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
Fully spent
Half spent
Partially spent
Correctly spent
MR is positive
MR falls
MR rises
MR is zero
P.E = S.E + I.E
S.E = P.E +I.E
I.E = P.E +S.E
S.E = P.E +2I.E
Equal
Different
Zero
Infinity
Opportunity cost
Direct cost
Rent cost
Wage cost
Goods into services
Output into inputs
Inputs into outputs
None of the above
What to produce
How to produce
How to maximize private profit
For whom to produce
Positive
Negative
Zero
None of the above
Each player has a dominant strategy
No players have a dominant strategy
At least one player has a dominant strategy
Players may or may not have dominant strategies
Hand of God
Market self regulating system
Hands of invisible people
Regulations of government
not ignor the activities of the rival
ignor the activities of the rival
both a and b
none of the above
Yield maximum total revenue
Minimize marginal cost
Maximize marginal cost
Equate marginal revenue with marginal cost