All factors can be used in different proportions
Management can be re-organized
A firm can experience returns to scale
All of the above
D. All of the above
Equal to one
Less than one
Equal to zero
Equal to infinite
Social ownership of the means of production
Freedom of enterprise
Use of centralized planning
Government decisions
Average variable cost
Average fixed cost
Average variable cost + average fixed cost
Marginal costs
Fully spent
Half spent
Partially spent
Nearly spent
Increases
Remains the same
Diminishes
Zero
All factors can be used in different proportions
Management can be re-organized
A firm can experience returns to scale
All of the above
Utility derived from the last unit of production
Utility derived from the last unit of a commodity which is being consumed
Total utility- Average utility
None of the above
Economics of Welfare
Commerce and Trade
Industrial Economics
None of the above
Price takers
Price setters
Price discriminators
None of the above
Perfectly elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unitary elastic
Relatively inelasticity (less than one elasticity)
Adam Smith
Carl Menger
Ruskin
J.B.Say
Hydraulic function
Cubic function
Pentagonic function
Quadratic function
Uniform
Different
Dependent
Independent
Smith
Kaldor
Sraffa
Marshal
Agriculture
All fields of production
Industry
Services
Isoprofit curve
Super profit curve
Normal profit curve
Indoprofit curve
Goods into services
Output into inputs
Inputs into outputs
None of the above
Where marginal cost is minimum
Where average cost is minimum
Where both the marginal and the average cost curves are at their respective minimum
Where the firm earns the maximum profits
The consumers real income has increased
The consumers real income has decreased
The product is now relatively less expensive than before
Other products are now less expensive than before
Oligopoly
Pure competition
Perfect competition
Monopolistic competition
Free goods
Economic goods
Luxury goods
None of the above
Negative
Positive
Infinite
Zero
Stagnant
Mobile
Immobile
Rare
N.Kaldor
J.R.Hicks
A.C.Pigou
J.M.Keynes
Economic complements
Economic substitutes
Economic inferiors
None of the above
A stock concept
A flow concept
Both stock and flow
None of the above
The incomes of consumers
The price of the good
What other commodities households could substitute for the good
Consumers expectations of the future
Price leadership model
Bertrands model
Collusive model
Edgeworths model
stable cartel
unstable cartel
prominent cartel
special cartel
Exact science
Inexact science
Pure science
All of the above