Firms and industry price
Monopoly and duopoly price
Competitive and monopoly price
None of the above
C. Competitive and monopoly price
Equal to zero
Equal to one
Equal to infinity
More than one
J.M.Keynes
E.D.Domar
Adam Smith
Gustav Cassel
Price
Quantity
Supply
Demand
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
Vertical
Horizontal
Controlled by the largest producers
Unaffected by inflation
Percentage change in demand Original demand
Proportionate change in demand Proportionate change in price
Change in demand Change in price
None of the above
It gets more expensive
A household consumes more of it
Preference changes
A households income goes up
Marshallian demand curve
Hicksian demand curve
Slutsky demand curve
All the above
A lower indifference curve
A lower PPC curve
Remains on same indifference curve
A higher indifference curve
Production
Consumption
Exchange
Formation
the individuals
industry
firms
associations
Fixed cost
Variable cost
Both fixed and variable costs
None of the above
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
Less than the average cost
More than the average cost
Equal to the average cost at minimum point
Never equal to the average cost
Thousands
Few
Innumerable
Hundreds
Equal MU from both commodities X and Y
More MU from commodity X than from commodity Y
More MU from commodity Y than from commodity X
Equal marginal utility from the last rupee spent on commodity X and commodity Y
Complements
Close substitutes
Both a and b
None of the above
Is a disequilibrium price
Is an equilibrium price
Means a shortage exists as a market is cleared
Must be set by the government
Input
Output
Both of them
None of them
Market price
AVC
TFC
AFC
Rising cost
Falling cost
Rising input
Falling input
Perfect elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unit elastic
Relatively inelastic (less than one elasticity)
An externality is a cost or benefit which is not transmitted through prices
An externality is a cost or benefit which is transmitted through prices
An externality is a production received through external resources
None of the above
Face losses
Avoid losses
Bear losses
Make economic decisions
Perfectly elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unit elastic
Relatively inelastic (less than one elasticity)
Analyst
Catalyst
Pessimist
Optimist
W.W. Leontief
E.D.Domar
R.G.D.Allen
J.M.Keynes
V-shaped selling cost
U-shaped selling cost
V-shaped purchasing material
U-shaped purchasing material
Isoquant line
Isocost line
Indifference curve
Price line