Planned products curve
Planned material curve
Planned costs curve
Planned sales curve
D. Planned sales curve
None of the factors are variable in the long-run
All factors are perfectly divisible in the long-run
None of the factors is divisible
Management factor is indivisible while all other factors are divisible and can be varied in long-run
Paul A.Samuelson
J.M.Keynes
Joan Robinson
Dr.mehboob ul Haq
The elastic part of a demand curve
The inelastic part of a demand curve
The constant elastic part of the demand curve
None of the above
Increase demand for the good
Increase supply of the good
Reduce the equilibrium price of the good
None of the above
Always
Never
When LAC is falling
Only at that level of output when LAC is at its minimum
V-shaped selling cost
U-shaped selling cost
V-shaped purchasing material
U-shaped purchasing material
Political economy
Household Management
Production and consumption
Financial Accounting
Output
Sales
Profits
None of the above
Income effect is positive but substitution effect is negative
Income effect is negative but substitution effect is positive
Both income effect and substitution effect are negative
Both income effect and substitution effect are positive
Banned
Free
Partially free
Allowed
K.N.Raj
Amartiya Sen
A.C.Pigou
Alfred Marshal
Can influence the market price
Cannot influence the market price
Can sell at zero price
None of the above
Ricardo
Adam Smith
Pigou
Samuelson
P = AC
P = MC
AC = MC
MC = TR
An increase in supply of coca cola
A decrease in supply of coca cola
An increase in demand for coca cola
A decrease in demand for coca cola
A given quantity of output that can be produced by various combinations of two inputs
Varying quantities of output that can be produced by the same combination of two factors
Combination of two factors that can give the least cost of production
Combination of two goods that cost the same amount to the producer
Maximizes the minimum gain that can be earned
Maximizes the gain of one player, but minimizes the gain of the opponent
Minimizes the maximum gain that can be earned
None of the above
Fixed cost per unit
Variable cost per unit
Total cost per unit
Marginal cost
Doubled
Equalized
Not equalized
None of the above
Cournot model
Edgeworth model
Chamberline model
Sweezy model
Implicit costs
Explicit costs
Fixed costs
Variable costs
Equal to one
Greater than one
Smaller than one
Zero
Individual demand curve (IDC) is equal to proportional demand curve (PDC)
Individual demand curve (IDC) is greater than proportional demand curve (PDC)
Individual demand curve (IDC) is less than proportional demand curve (PDC)
None of the above
MR>AR
MR=AR
AR=0
Marginal cost curves
Average cost curves
Total cost curves
None of the above
Excess capacity
Reserve capacity
Limited capacity
None of the above
Infinitely elastic demand
Infinitely inelastic demand
Relatively elastic demand
Relatively inelastic demand
More elastic
Less elastic
Unit elastic
Perfectly inelastic
Fixed factors
Variable factors
Both of them
None of them
Stagnant
Mobile
Immobile
Rare