Indifference curves shift down
Budget line shifts down
Indifference curve shift up
Budget line pivots
D. Budget line pivots
Capital cost plus operating costs
Capital costs alone
Capital costs plus spill-over costs
Operating costs alone
Hiring the building for the factory
Purchasing heavy machines
Paying the manager of the factory
Paying the laborers
Political economy
Household Management
Production and consumption
Financial Accounting
David Ricardo
Alfred Marshal
J.S.Mill
Karl Marx
They involve dominant strategies
They involves constant-sum games
Once the strategies are chosen, no player has an incentive to deviate unilaterally from them
None of the above
Doubled
Equalized
Not equalized
None of the above
Become equal
Decrease
Become constant
Increase
Higher marginal valuation for consumer
Lower marginal cost for producer
Higher marginal cost for producer
Both (a) and (c)
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 to zero
Equal to one
Equal to infinity
More than one
the individuals
industry
firms
associations
Profit curve
Demand curve
Average cost curve
Indifference curve
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
He will consume only one of them
He will consume equal quantities of them
He will be willing to pay the same price for each of them
The total utility gained from each of them is equal
Always
Never
When LAC is falling
Only at that level of output when LAC is at its minimum
Instable equilibrium
Stable equilibrium
Constant equilibrium
Fluctuating equilibrium
Marshal
J.R.Hicks
Adam smith
Rostow
Economics of state
Wealth of Nations
Value and price
Theory of demand
Gaming
Strategic decisions
Both a and b
None of the above
Vertical
Horizontal
Controlled by the largest producers
Unaffected by inflation
Perfectly competitive international market
Perfectly competitive national market
Imperfect international market
Imperfect national market
Advertise to increase the demand for their product
Do not advertise, because most advertising is wasteful
Do not advertise because they can sell as much as they want at the current price
Who advertise will get more profits than those who do not
Negatively sloped
Positively sloped
Parallel to X-axis
None of the above
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
Style
Consumer
Cost
Material
Individual demand curve (IDC) is equal to proportional demand curve (PDC)
Individual demand curve (IDC) is greater than proportional demand curve (PDC)
Individual demand curve (IDC) is less than proportional demand curve (PDC)
None of the above
Is only a choice among the technologically efficient combination
Depends on the relative price of inputs
Depends on the price of the product
Depends on the profits made
From different groups of consumers
For different uses
At different places
Any of the above
L-shaped
U-shaped
V-shaped
Both a and b depending on situation
R.Nurkse
N.Kaldor
S.kuznets
Alfred Marshal