Horizontal demand curve
Vertical demand curve
Similar demand curve
Differential demand curve
C. Similar demand curve
Can be added
Can be subtracted
Can be multiplied
Can be divided
Money and exchange
Quantity and production
Production and consumption
Money and quantity
Appear
Diminish
Prominent
Increase
Positive
Negative
Neutral
Infinite
Planned products curve
Planned material curve
Planned costs curve
Planned sales curve
Wages of the labor
Charges of electricity
Interest on owned money capital
Payment for raw materials
Monopoly
Monopolistic competition
Perfect competition
Oligopoly
More than AC curve
Less than AC curve
Equal to AC curve
None of the above
Supply
Demand
Production
Consumption
We do not need to attach util values to consumption
Consumers can attain higher utility
It takes into account how much income the household has
We can determine how much of one good the consumer is willing to sacrifice in order to consume one more unit of another
Equal level of output
Unequal level of outputs
Equal level of inputs
Unequal level of inputs
Freedom
Scarcity
Social class
Politics
Profits
Costs
Inputs
Price
J.B.Clark
L.Euler
J.A.Schumpeter
Alfred Marshal
Many goods have no effective substitutes
Nearly all goods have substitutes
The prices of substitute goods must be the same
Buyers will stop buying a good if its price rises
Positive
Unitary
Negative
Infinite
Perfect elasticity (infinitely elastic)
Perfect inelasticity (zero elasticity)
Unit elasticity
Zero elasticity (infinitely inelastic)
MP is positive
MP is negative
MP is falling
MP is rising
ATC
AVC
AFC
None of the above
L-shaped
U-shaped
V-shaped
Both a and b depending on situation
Yield maximum total revenue
Minimize marginal cost
Maximize marginal cost
Equate marginal revenue with marginal cost
Normal profits
Abnormal profits
No profits
All of the above
Repel each other
Represent each other
Intersect each other
None of the above
Indifferent
Different
In equilibrium
Dominant
Different
Same
Zero
None of the above
A commodity without substitutes
A commodity with substitutes
A commodity on which a small fraction of income is spent
A commodity the use of which cannot be postponed
Zero (perfectly inelastic)
Equal to one (unitary elastic)
Infinite (perfectly elastic)
None of the above
The producer will often produce a volume that is less than the amount which would maximize the social welfare.
The producer will often produce a volume that is more than the amount which would maximize the social welfare.
The consumers will often consume a volume that is more than the amount which would maximize the social welfare.
None of the above
Real cost and money cost
Variable cost and fixed cost
Average cost and average revenue
Marginal cost and average cost
Higher prices
Increased prices
Increased consumption
Shortage of products