Sloping downward
Sloping upward
Positively sloped
Negatively sloped
B. Sloping upward
Restricted entry and exit of the firms
Semi free exit but absolute free entry
Free entry but restricted exit of the firms
Free entry and free exit of the firms
Transforming Traditional Agriculture
Productivity and Technical Change
Jobs, Poverty and the Green Revolution
Causes of Poverty
Increases
Decreases
Remains the same
Is zero
Are fixed even in the long period
When expressed as an average, show a continuous decline with increase of output
Do not reflect diminishing marginal returns
None of the above
Derived demand
Joint demand
Demand creation
Compressed demand
true
not true
reliable
deniable
S.Chakravarty
J.S.Mill
A.C.Pigou
F.W.Taussig
P = AC
P = MC
AC = MC
MC = TR
Equal to unity
Less than unity
More than unity
Zero
Concave isoquant
Convex isoquant
Constant isoquant
None of the above
Price
Output
Cost
Advertisement
Helps in separating the income effect and the substitution effect
Does not help in separating the two effects
Mixed up the two effects
None of the above
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
Appear
Diminish
Prominent
Increase
Resource( factors of production) used in production became more costly
The technology of production improves
Consumers income increased
Some sellers left the market
Inelastic demand
Elastic demand
Unit elasticity
Zero elasticity
It gets more expensive
A household consumes more of it
Preference changes
A households income goes up
Equal to zero
Equal to one
Equal to infinity
More than one
Prof. Robbins
Alfred Marshal
Prof. Senior
Adam Smith
Monopolistic competition
Imperfect competition
Monopoly
Perfect competition
Output is maximum
Profit is maximum
Revenues are maximum
Profit is minimum
Horizontal
Vertical
Positively sloped
Negatively sloped
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
Decrease in the future
Increase in the future
Remain constant
None of the above
All factors are variable
There is a fixed factor and variable factor
All factors are non-variable
None of the above
Indifferent
Different
In equilibrium
Dominant
Collusive oligopoly
Non-collusive oligopoly
Cartel
Perfect competition
Wicksell
Robert San
Ruskin
J.B.Say
Profit curve
Demand curve
Average cost curve
Indifference curve
Get steeper
Shift parallel to right
To get flatter
To shift upward