Concave
Quasi-convex
Straight line
Convex
B. Quasi-convex
Operating under diminishing cost
Making optimum use of plant capacity
Operating at excess capacity
Operating under increasing costs
Economics of Welfare
Commerce and Trade
Industrial Economics
None of the above
Societys knowledge of production
Applied science
Knowledge of science and mathematics
None of the above
A few
Four
Two
Very large
Constant returns to scale
Increasing returns to scale
Decreasing returns to scale
None of the above
All factors are variable
There is a fixed factor and variable factor
All factors are non-variable
None of the above
Paul A.Samuelson
J.M.Keynes
Joan Robinson
Dr.mehboob ul Haq
An optimum firm
A representative firm
An oxford firm
A marginal firm
Pure competition
Pure monopoly
Oligopoly
Monopolistic competition
Explicit cost
Implicit cost
Variable cost
Fixed cost
Always rises
Always falls
First falls and then rises
First rises and then falls
More than maximum output
More than minimum output
Less than maximum output
Less than minimum output
Equal to unity
Less than unity
More than unity
Zero
Constant
On increasing
Independent
Indeterminate
Friends
Relatives
Family
All of them
There is perfect information about prices
All participants in the market are small relative to the size of the overall market
There are many buyers and sellers
Buyers and sellers do not know each other
Only one use
Many uses
Uses which cannot be postponed
Uses very essential for the consumer
Negative
Positive
Infinite
Zero
Constant rate
Decreasing rate
Increasing rate
None of the above
Economics of state
Wealth of Nations
Value and price
Theory of demand
Equal to unity
Less than unity
More than unity
Zero
Firm
Product group
Producers
Shopkeepers
Biased
Binding
Not binding
Conditional
Equal to the prices of its products
Positively related to output
Negatively related to output
Always higher than marginal cost
Change in the tastes of consumers at different prices
The rate of response of demand to a change in supply
The change in costs when output is increased by one unit
The responsiveness of demand to a change in price
Perfect competition price is charged
Monopoly price is charged
Monopoly price is not charged
None of the above
More elastic
Less elastic
Unit elastic
Zero elastic
Gunnar Myrdal
N.Kaldor
A.C.Pigou
J.K.Galbraith
Increase in demand for Y
Decrease in demand for Y
Increase in demand for both X and Y
Increase in demand for Y
Maximum
Minimum
Equal to one
Equal to zero