Can be ignored
Cannot be ignored
Partially be ignored
None of the above
A. Can be ignored
Sloping downward
Sloping upward
Positively sloped
Negatively sloped
Fixed cost will be greater than variable cost
Variable costs will be greater than fixed costs
All costs are variable costs
All costs are fixed costs
Directly related
Unrelated
Closely related
Negatively related
Desire for them
Purchases
Production
Consumption
It is given to a lot of criticism
It is too difficult to be explained
It is based on assumptions which are unreal
Economists do not agree on this
David Ricardo
Alfred Marshal
J.S.Mill
Karl Marx
A rising supply curve
A rising demand curve
A falling supply curve
A falling demand curve
1756
1777
1776
1801
Appear
Diminish
Prominent
Increase
Shifts away from the commodity the price of which has fallen
Shifts in favour of a commodity the price of which has risen
Shifts away from a commodity the price of which has risen, in favour of a commodity the price of which has fallen
None of the above
None of the above
Percentage change in capital-labor ratio dividing by percentage change in
Percentage change in dividing by percentage change in capital-labor ratio
Percentage change in inputs dividing by percentage change in outputs
None of the above
Is a disequilibrium price
Is an equilibrium price
Means a shortage exists as a market is cleared
Must be set by the government
per income rupee
Abnormal profit
Zero profit
Normal profit
Negative profit
R.Nurkse
N.Kaldor
S.kuznets
Alfred Marshal
Average fixed cost increases sharply
More production yields lower per unit price
The law of variable proportions applies to short run production
Sales expenses become much larger
Get steeper
Shift parallel to right
To get flatter
To shift upward
Supply
Demand
Production
Consumption
Adam Smith
David Ricardo
Alfred Marshal
A.C.Pigou
Auction market
Contract markets
Market for commercial office space
Natural gas market
The price of complements
The price of substitutes
The market demand for commodities
The individuals scale of performances
Determination of the rate of interest
Determination of the market price
Determination of the wage rate
Determination of production of firm
L-shaped
U-shaped
V-shaped
Both a and b depending on situation
Positive Economics
Normative Economics
Micro Economics
Development Economics
Budget line and indifference curve intersect each other
Budget line and indifference curve are tangent to each other
Budget line and indifference curve are opposite to each other
Budget line and indifference curve are parallel to each other
Timeless phenomenon
Short run phenomenon
Long run phenomenon
None of the above
Enforce contracts
Make contracts
Make negotiations
Do not make negotiations
The MU/P ratio has decreased
Of the income and substitution effects
Consumers tend to feel poorer when prices fall
When price falls the demand curve shifts right
Technology
Number of buyers in the market
Consumer income
Household tastes