Price
Output
Cost
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B. Output
Both move together and reinforce each other
One moves and the other remains constant
Move in the opposite direction and neutralize each other
Both remain constant
All factors are variable
There is a fixed factor and variable factor
All factors are non-variable
None of the above
Biased
Binding
Not binding
Conditional
Applies on both money and other commodities
Does not apply on money
Does not apply on bank money but applies on cash money
Applies on all the commodities except on money
Hydraulic function
Cubic function
Pentagonic function
Quadratic function
Total utility to fall and marginal utility to increase
Total utility and marginal utility both to increase
Total utility to fall and marginal utility to become negative
Total utility to become negative and marginal utility to fall
Consumers
Employees
People
Labor
Multiplying the number of unit by its marginal utility
Adding up the marginal utility of all units
Multiplying price by number of units
None of the above
More elastic
Less elastic
Unit elastic
Perfectly inelastic
Can influence the market price
Cannot influence the market price
Can sell at zero price
None of the above
An axiom
A proposition
A hypothesis
A tested hypothesis
MR constant
MR rises
MR falls
MR is zero
All buyers and sellers have perfect knowledge of the market
Freedom of entry of firms into the industry
Homogeneous product
All of the above
J.B.Clark
L.Euler
J.A.Schumpeter
Alfred Marshal
Simple model
Dynamic model
Both of them
None of them
Marshal
J.R.Hicks
Adam smith
Rostow
Less than the average cost
More than the average cost
Equal to the average cost at minimum point
Never equal to the average cost
AC curve
SC curve
TC curve
None of the above
A relative term
An economic term
A dynamic term
As a whole term
Goods into services
Output into inputs
Inputs into outputs
None of the above
Constant
Less elastic
More elastic
Perfectly elastic
Price system
Barter system
Islamic economic system
Socialistic system
Increase at a constant rate
Decrease at a constant rate
Increase at a variable rate
Decrease at a variable rate
Borne mostly by producers
Borne mostly by consumers
Borne mostly by government
Shared equally by producers and consumers
Oligopoly
Perfect competition
Imperfect competition
None of the above
Equal level of output
Unequal level of outputs
Equal level of inputs
Unequal level of inputs
Pricing of two factors
Productivity of the two factors
Degree of substitutability of two factors
None of the above
Output
Sales
Profits
None of the above
Free good
Economic good
Both of the above
None of the above
Price winner
Price searcher
Price taker
Price leaver