Total costs
Fixed costs
Variable costs
Constant costs
C. Variable costs
Maximum
Minimum
Infinite
Not measureable
>
None of the above
Increases
Remains the same
Diminishes
Zero
A few
Four
Two
Very large
Adam Smith
Karl Marx
Ricardo
Pigou
Improvements in its technology
Fall in the prices of other commodities
Fall in the prices of factors of production
All of the above
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
Gunnar Myrdal
N.Kaldor
A.C.Pigou
J.K.Galbraith
Money
Capital resources
Scarcity
Inflation
Policy on trade
Policy against inflation
The making of index numbers
Labor theory
Perfectly competitive international market
Perfectly competitive national market
Imperfect international market
Imperfect national market
Yield maximum total revenue
Minimize marginal cost
Maximize marginal cost
Equate marginal revenue with marginal cost
Q = a- bP
Y = a- bP
Q = a+ bP
Sets of points relating production function that maximizes output given input (labor) i.e. Q = f(L, K)
Sets of points relating production function that produces less output than possible for a given set of input (labor) i.e. Q < f(L, K)
Use of imported technology
None of the above
Explicit costs
Implicit costs
Social costs
Private cost
Normal profits
Implicit costs
Variable costs
Opportunity costs
Declining productivity
Increasing consumption
Limited material wants
Limited resources and unlimited wants
The productivity of factors of production
The relation between the factors of production
The economies of scale
The relations between change in physical inputs and physical output
Only when the price of commodity X changes
Only when the price of commodity Y changes
Only when the consumers income is varied
None of the above
Industrialists
Prisoners
Common men
Workers
Least cost factor combination
Optimum factor combination
Both a and b
None of them
Lowest isoquant
Lowest isocost line
Highest isoquant
Highest isocost line
Firm to the left
Industry to the right
Firm to the right
Industry to the left
Monetary units
Physical units
Relative units
Constant units
Perfectly competitive international market
Perfectly competitive national market
Imperfect international market
Imperfect local market
Vertical summation of individual demand curves
Upward summation of individual demand curves
Downward summation of individual demand curves
Horizontal summation of individual demand curves
Proportional demand curve (PDC) and individual demand curve (IDC) intersect each other
Proportional demand curve (PDC) and individual demand curve (IDC) are parallel to each other
Proportional demand curve (PDC) and individual demand curve (IDC) repel each other
None of the above
Minimum of average variable cost
Minimum of marginal cost
Minimum of average fixed cost
Minimum of average cost
ATC
AVC
AFC
None of the above
Led the Russian Revolution
Provided the theoretical basis for socialism(communism)
Developed his theory in response to the Great Depression of the 1930s
None of the above