Fully spent
Half spent
Partially spent
Correctly spent
A. Fully spent
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
Are downward sloping to the right
Show different input combination producing the same output
Intersect each other
Are convex to the origin
Only one use
Many uses
Uses which cannot be postponed
Uses very essential for the consumer
Smith
Kaldor
Sraffa
Marshal
More units
Less units
Same units
Zero units
Inelastic demand
Elastic demand
Unit elasticity
Zero elasticity
Balance stat
Equilibrium
Disequilibrium
Authenticated form
Supreme powers
Discretionary powers
Low powers
None of the above
Optimal factor proportions
Fixed scale of plant
External and internal economies
Labor productivity
Under perfect competition
Under monopoly
Under imperfect competition
Under all the above market forms
Few economic agents
All the economic agents
Two economic agents
Many economic agents
In the long-run
In the short-run
For luxuries
In the immediate-run
Bellow the lower ridge line
Above the upper ridge line
Between the two ridge lines
On the upper ridge line
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
Price is a dependent variable and quantity is an independent variable
Price is an independent variable and quantity is a dependent variable
Price and quantity both are independent variables
Price and quantity both are dependent variables
Similar optimal combinations
Different optimal combinations
Both of them
None of them
Yield maximum total revenue
Minimize marginal cost
Maximize marginal cost
Equate marginal revenue with marginal cost
Different
Same
Zero
None of the above
Current demand for computers will fall
Current demand for computers will rise
Current demand will change unpredictably
Current supply of computers will rise
How much to produce
How to produce
How to distribute
All of the above
LMC.Q
AC.Q
LC.Q
LAC.Q
Social costs
Opportunity costs
Explicit costs
Implicit costs
AC curve
SC curve
TC curve
None of the above
The want- satisfying power of a commodity
Usefulness of commodity
Eating of commodity
None of these
Control over production but not over price
Control neither on production nor on price
Control over consumers
Control over production as well as over price
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
Excess demand
Qd > Qs
Shortage of supply
All of the above
Is equal to the substitution effect
More than offsets the substitution effect
Reinforces the substitution effect
Only partially offsets the substitution effect
An optimum firm
A representative firm
An oxford firm
A marginal firm
Average fixed cost increases sharply
More production yields lower per unit price
The law of variable proportions applies to short run production
Sales expenses become much larger