Free good
Economic good
Both of the above
None of the above
A. Free good
Budget line and indifference curve intersect each other
Budget line and indifference curve are tangent to each other
Budget line and indifference curve are opposite to each other
Budget line and indifference curve are parallel to each other
Real Marginal Utility
Gross Marginal Utility
Weighted Marginal Utility
Money Marginal Utility
R.G.Lipsey
Paul.A.Samuelson
E.D.Domar
J.M.Keynes
Growth of firms processing its waste materials
Development of research bureau serving the industry
Supply of suitable skilled labor in the area
All of the above
David Ricardo
Adam Smith
James Mill
A.C.Pigou
Open agreements
Secret agreements
Both a and b
None of the above
Policy on trade
Policy against inflation
The making of index numbers
Labor theory
Alfred Marshal
J.M.Keynes
Paul A.Samuelson
A.C.Pigou
Gunner Myrdal
A.C.Pigou
J.M.Keynes
J.R.Hicks
Relative demand curve
Proportional demand curve
Productive demand curve
Differential demand curve
Income level
Satisfaction level
Marginal rate of substitution
Demand level
Downwards to the right
Upwards to the right
Backwards to the top
Inwards at the bottom
Labor is variable
Labor is fixed
Capital is variable
None of the above
Substitution Effect
Income Effect
Both substitution and income effect
None of them
Ricardo
Marshal
Chamberlin
Mrs. Robinson
Goods
Goods and survices
Goods and survices it can purchased
Monetary units
Under perfect competition
Under monopoly
Under imperfect competition
Under all the above market forms
Monopoly
Oligopoly
Imperfect competition
Perfect competition
1756
1777
1776
1801
Market price
AVC
TFC
AFC
In case of laws of return, one factor of production is constant and other is variable while in laws of return to scale both factors of production are variable
In case of laws of return to scale, one factor of production is constant and other is variable while in laws of return, both factors of production are variable
Both a and b
None of the above
Only when the price of commodity X changes
Only when the price of commodity Y changes
Only when the consumers income is varied
None of the above
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
Quantities of commodity X which a consumer could buy with no amount of Y
Quantities of commodity Y which a consumer could buy with no amount of X
The different combinations of X and Y that the consumer could buy
All of the above
Alfred Marshal
Lord Keynes
Karl Marx
Prof. Robbins
Equal to zero
Equal to one
Equal to infinity
More than one
Variable
Constant
Increasing
Decreasing
Two
Many
Four
Very few
Higher marginal valuation for consumer
Lower marginal cost for producer
Higher marginal cost for producer
Both (a) and (c)
Wants are unlimited
Resources are scarce
Scarce resources have alternative uses
All of the above