Non-cooperative outcome
Cooperative outcome
Dominant behavior
Recessive behavior
B. Cooperative outcome
From different groups of consumers
For different uses
At different places
Any of the above
The want- satisfying power of a commodity
Usefulness of commodity
Eating of commodity
None of these
Demand curve is more than supply curve
Supply curve is more than demand curve
Supply curve is equal to demand curve
None of the above
Can sell more
Reduces its revenues
Can sell nothing
Increases its revenues
change its output
not change its output
change its price
not change its price
Consumers get better quality goods
Cost of production falls and hence price will follow
Goods will be sold in many markets
None of the above
Is only a choice among the technologically efficient combination
Depends on the relative price of inputs
Depends on the price of the product
Depends on the profits made
Freedom of entry and exit
Each seller is a price taker
Perfect information about prices
Heterogeneous products
Less than one
Equal to one
More than one
Equal to infinite
Non-cooperative outcome
Cooperative outcome
Dominant behavior
Recessive behavior
Industry
All fields of production
Agriculture
None of the above
Perfect competition
Imperfect competition
Price discrimination
Duopoly and oligopoly
2/3 of capacity of its plants
3/4 of capacity of its plants
1/3 of capacity of its plants
1/2 of capacity of its plants
The different combinations of X and Y in any way the consumer wants
The different combinations of X and Y higher and lower and measuring the difference of utility between them
The different combinations of X and Y higher and lower and not measuring the difference of utility between them
None of above
V-shaped traditional cost curves
S-shaped traditional cost curves
Modern cost curves
U-shaped traditional cost curves
Negatively sloped
Positively sloped
Parallel to X-axis
None of the above
Greater than one
Less than one
Zero
Equal to one
Who must sacrifice fewer units of every other goods than any other producer
Who can produce more X per hour than any other producer
Who must sacrifice more units of every other goods than any other producer
None of the above
Gaming
Strategic decisions
Both a and b
None of the above
Balance stat
Equilibrium
Disequilibrium
Authenticated form
P = AC
P = MC
AC = MC
MC = TR
Fixed cost
Variable cost
Both fixed and variable costs
None of the above
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
The total utility is rising at a declining rate
The total utility is raising at an increasing rate
Total utility is maximum
Total utility is declining
Product costs
Real costs
Menu costs
Nominal costs
Zero
Infinity
Unity
More than unity
Average requirement for it in any given place
Amount of it wanted at any given price
Amount that people would like to buy during a period at different prices
Quantity needed to maintain a given standard of living
Advertising
His low LAC
Blocked entry
High price he charges
Frustration
Poverty
Uncertainty
Integrity