Total revenue and total cost technique
Marginal revenue and marginal cost technique
Demand and supply technique
None of the above
B. Marginal revenue and marginal cost technique
The greater its elasticity is likely to be
The weaker its elasticity is likely to be
The unchanged its elasticity is likely to be
None of the above
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
the individuals
industry
firms
associations
Upward sloping
Downward sloping
Constant in slope
None of the above
Below
Above
Equal level
None of the above
Monopoly
Perfect competition
Oligopoly
Imperfect competition
A subjective concept
An ethical concept
An objective concept
A historical concept
Monopoly
Multi-plant monopoly
Bilateral monopoly
Price discrimination
Income rises
Income falls
Sales rises
Price falls
More quantity demanded at a lower price
More quantity demanded at a higher price
More quantity demanded at the same price
None of the above
Capital cost plus operating costs
Capital costs alone
Capital costs plus spill-over costs
Operating costs alone
Freedom of entry and exit
Each seller is a price taker
Perfect information about prices
Heterogeneous products
L/K ratio
K/L ratio
P/L ratio
P/K ratio
Less than one
Equal to one
Greater than one
Less than one
It may be nearly vertical
Quantity demanded is very sensitive to income
Demand is hardly affected by income
Close substitutes for the good are abundant
Left to right
Right to left
Both of them
None of them
Positive
Unitary
Negative
Infinite
Ricardo
Marshal
Chamberlin
Mrs. Robinson
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
Monopoly
Oligopoly
Duopoly
None of the above
Economics of state
Wealth of Nations
Value and price
Theory of demand
Few economic agents
All the economic agents
Two economic agents
Many economic agents
A and B are substitute goods
A and B are complementary goods
A is an inferior good
B is an inferior good
P = AVC
TR =TVC
The total losses of the firm equal TFC
All of the above
Chamberline
Sraffa
Carl marx
Robinson
Secret agreements
No secret agreements
Bad habits
None of the above
The curve representing the cost per unit of output
The demand curve of consumers for the firms product
Total receipts realized by the firm
All of the above
Negative
Positive
Infinite
Negative infinite
Equal to zero
Equal to one
Equal to infinity
More than one
Alfred Marshal
Lord Keynes
Karl Marx
Prof. Robbins