Rise by the amount of the tax
Rise by more than the amount of the tax
Rise by less than the amount of the tax
Remain the same
C. Rise by less than the amount of the tax
Balance stat
Equilibrium
Disequilibrium
Authenticated form
Choices
Preferences
Both a and b
None of the above
Appear
Diminish
Prominent
Increase
Each additional unit of output will be more expensive to produce
Each additional unit of output will require increasing amount of inputs
Marginal product of the variable factor of production decreases as the quantity increases
All of the above
Firms and industry price
Monopoly and duopoly price
Competitive and monopoly price
None of the above
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
Alfred Marshal
J.S.Mill
David Ricardo
A.C.Pigou
A specific duration of time
A varying duration of time
A duration of time which permits necessary adjustments
A period with calculated intervals
Competitors will follow a price increase but not a price cut
Competitors will follow a price increase as well as a price cut
Competitors will ignore both a price increase and a price cut
Competitors will ignore a price increase but will follow a price cut
Negative
Positive
Infinite
Negative infinite
Input
Output
Both of them
None of them
Excess demand
Qd > Qs
Shortage of supply
All of the above
true
not true
reliable
deniable
More than AC curve
Less than AC curve
Equal to AC curve
None of the above
Equal to one
Less than one
Equal to zero
Equal to infinite
Alfred Marshal
Lord Keynes
Karl Marx
Prof. Robbins
Yield maximum total revenue
Minimize marginal cost
Maximize marginal cost
Equate marginal revenue with marginal cost
Normal profits
Abnormal profits
Differential profits
No profits
Price system
Barter system
Islamic economic system
Socialistic system
Sets of points relating production function that maximizes output given input (labor) i.e. Q = f(L, K)
Sets of points relating production function that produces less output than possible for a given set of input (labor) i.e. Q < f(L, K)
Use of imported technology
None of the above
The incomes of consumers
The price of the good
What other commodities households could substitute for the good
Consumers expectations of the future
An inferior good
A giffen good
A normal(or superior) good
None of the above
Two goods
Few goods
One good
Zero goods
Technological progress that causes to raise the marginal product of capital and labor in the same proportion
Technological progress that causes the marginal product of capital to increase relative to the marginal product of labor
Technological progress that causes the marginal product of labor to increase relative to the marginal product of capital
None of the above
Conditional
Moral by nature
Predicted
Like laws of sports
University professors
Computer components
Building materials
Jet airplanes
Quantity exchanged might rise or fall and price would rise
Quantity exchanged would rise and price would fall
Quantity exchanged would rise and price might rise or fall
Both quantities exchanged and price would rise
Physical science
Social science
Natural science
Basic science
No risks
Risks
Safety
None of the above
R.Nurkse
R.C.Mathews
W.A.Lewis
K.N.Raj