All of the consumer surplus
All of the producer surplus
Some part of the consumer surplus
None of them
A. All of the consumer surplus
The price falls and the demand also falls down
The price increases but demand falls down
The price increases the demand remains constant and when the price remains constant the demand goes up
The price remains constant but demand falls
Wants are unlimited
Resources are scarce
Scarce resources have alternative uses
All of the above
also maximize its profits
not maximize its profits
maximize its costs
none of the above
Indifferent
Different
In equilibrium
Dominant
Both price and output
Either price or output
Neither price nor output
None of the above
All of the consumer surplus
All of the producer surplus
Some part of the consumer surplus
None of them
Monopoly
Perfect competition
Oligopoly
Monopolistic competition
per income rupee
Increasing sales and maximizing profits
Reducing sales and raising prices
Minimizing cost and maximizing revenue
Serving the markets without earning profits
Positive
Unitary
Negative
Infinity
Straight line
Convex to origin
Concave to origin
Lshaped
identical
differential
very high
very low
Is considered to be negligible and thus ignored
Is considered to be vital for the calculation of total cost
Is charged along with the price of the commodity
None of the above
X-axis
Y-axis
Z-axis
None of the above
Isoprofit curve
Super profit curve
Normal profit curve
Indoprofit curve
Negatively sloped
Vertical
Horizontal
Positively sloped
Marginal cost curves
Average cost curves
Total cost curves
None of the above
Adam Smith
Prof.Pigno
Prof. Robbins
J.B.Clark
Negatively sloped
Positively sloped
Parallel to X-axis
None of the above
At the left of its lowest point
At its lowest point
At the right of its lowest point
None of the above
Labor is variable
Labor is fixed
Capital is variable
None of the above
Where the gap between the two is the smallest
Where the gap between the two is the greatest
Where the two become equal
None of the above
Zero (perfectly inelastic)
Equal to one (unitary elastic)
Infinite (perfectly elastic)
None of the above
Different
Same
Zero
None of the above
Downward sloping
Upward sloping
Horizontal straight line
Vertical straight line
Lead to greater specialization
Offsets the effects of the law the law of comparative advantage
Lead to greater diversification of individual production
Cause firms to use more capital and less labor
Long-run average cost (LAC) curves
Short-run average cost (SAC) curves
Average variable cost (AVC) curves
Average total cost (ATC) curves
Economics of Welfare
Commerce and Trade
Industrial Economics
None of the above
All of the consumer surplus
All of the producer surplus
Some part of the consumer surplus
None of them
Can enter and exit
Partially can enter and exit
Cannot enter
None of the above