L-shaped
J-shaped
M-shaped
V-shaped
A. L-shaped
Increasing marginal utility
Decreasing marginal utility
Zero marginal utility
Negative marginal utility
Price of commodity X in terms of Y
Price of commodity Y in term of X
Income of the consumer
All of the above
Equal to unity
Less than unity
More than unity
Zero
Negative
One
Positive
Zero
Price and output determination
Price rigidity (price stickness)
Price leadership
Collusion among rivals
A fall in price
A decrease in the number of firms in the long-run
A decrease in the output of each firm
All of the above
Rising cost
Falling cost
Rising input
Falling input
A and B are substitute goods
A and B are complementary goods
A is an inferior good
B is an inferior good
Only under socialism(communism)
Only under capitalism
Under both (a) and (b)
None of the above
Do not effect equilibrium
Affect equilibrium
Both a and b
None of the above
A.C.Pigou
Alfred Marshal
J.M.Keynes
D.H.Robertson
Adam Smith
Karl Marx
Ricardo
Pigou
Industrialists
Prisoners
Common men
Workers
Different prices are charged to different consumers for homogenous products
Same prices are charged for differentiated products
Different prices are charged for homogenous goods for successive units to the same customer
Any of the above condition is present
The price of complements
The price of substitutes
The market demand for commodities
The individuals scale of performances
P=AR and P>MR
P=MC and MC=AC
None of the above
Inverse
Direct
Negative
Positive
Monopoly
Perfect competition
Oligopoly
Monopolistic competition
Two points on demand curve
Two points on supply curve
Many points on demand curve
Many points on demand curve
Fixed capacity
Specific capacity
Excess capacity
Reserve capacity
N.Kaldor
Alfred Marshal
J.M.Keynes
J.S.Duesenberry
A zero economic profit
Revenues less explicit cost
About 10% for most industries
A zero accounting profit
L-shaped
J-shaped
M-shaped
V-shaped
Shifts rightward
Shifts leftward
Does not shift
None of the above
Can be added
Can be subtracted
Can be multiplied
Can be divided
Where the gap between the two is the smallest
Where the gap between the two is the greatest
Where the two become equal
None of the above
Rise
Fall
Remain the same
None of the above
Maximum optimal scale
Average optimal scale
Minimum optimal scale
None of the above
Economics of Welfare
Commerce and Trade
Industrial Economics
None of the above
Less quantity demanded at the same price
Less quantity demanded at a higher price
Less quantity demanded at a lower price
None of the above