Labor is variable
Labor is fixed
Capital is variable
None of the above
A. Labor is variable
Technical relationship between input of a variable factor and the resulting output
Any economic relationship between input and output
An output maximizing relationship
A relationship with input changing and corresponding changes in output
Declining productivity
Increasing consumption
Limited material wants
Limited resources and unlimited wants
Is not in equilibrium
Will not buy any banana
Will buy some banana but less than he buys of apples
Is willing to pay more for apples than bananas
That how many utils are obtained from consuming different bundles of commodities
Different collections of two commodities the consumer considers to be of equal value
That if price increases there will be an increases in demand
None of the above
Many goods
Few goods
Two goods
Three goods
output
input
price
advertisement
Firm
Product group
Producers
Shopkeepers
Monetary units
Physical units
Relative units
Constant units
Less than the average cost
More than the average cost
Equal to the average cost at minimum point
Never equal to the average cost
Reaction of rival firms
Reactions of people
No reaction of rival firms
None of the above
x =f(P)
x =a-bp
Repeated games
Cooperative games
Non-cooperative games
Constant games
Zero
Identical with the MR
A horizontal straight line
Infinite
The price of substitute does not change
The taste of the consumer does not change
The income of the consumer does not change
All of the above
LMC.Q
AC.Q
LC.Q
LAC.Q
Excess demand
Qd > Qs
Shortage of supply
All of the above
Greater than one
Equal to one
Less than one but more than zero
None of the above
The effect of a change in price of X on its demand
The effect of a change in price of X on the demand for Y
The effect of a change in price of Y on its demand
None of the above
Indifference curves shift down
Budget line shifts down
Indifference curve shift up
Budget line pivots
Extra price benefits
Shortage of quantity
Surplus of quantity
Difference between actual price and potential price
Repel each other
Represent each other
Intersect each other
None of the above
Technical relationship between inputs and output
Profitability production
Relation between MR and MC
Relation between AR and AC
Average variable cost
Average fixed cost
Both average fixed and variable cost
None of the above
Change in consumers income
Change in consumers tastes
Change in price
None of the above
Engels curve
Production indifference curve
Budget line
Ridge line
Is only one technique of production
Are few techniques of production
Are many techniques of production
Are two techniques of production
Under perfect competition
Under monopoly
Under imperfect competition
Under all the above market forms
Concave to the origin
Convex to the origin
Positively sloped
Negatively sloped
What you do
What you are doing
What you not do
None of them