Input factor
Heavy factor
Output factor
Load factor
D. Load factor
Has to touch the long run cost curve
Has to cross the long run cost curve
Has to lie above all points on the long run cost curve
Coincides with the long run cost curve at some point
Consumer tastes
Prices of inputs
Technology
Number of sellers
The different combinations of X and Y higher and lower without actually measuring the difference of utility between them
The different combinations of X and Y higher and lower and measuring the difference of utility between them
Different combination of X, Y and Z
None of above
Slopes downwards to the right
Slopes upward to the right
Is vertical to the x-axis
Is horizontal to the x-axis
Oligopoly
Pure competition
Perfect competition
Monopolistic competition
Average cost
Marginal cost
Fixed cost
Variable cost
MC>MR
MC=AP
MC=MR
Every consumer
Most consumers
All consumers
Some consumers and not for others
Falling when average cost is falling
Rising when average cost is falling
Falling when average cost is rising
Rising when average cost is rising
The curve representing the cost per unit of output
The demand curve of consumers for the firms product
Total receipts realized by the firm
All of the above
Gunner Myrdal
A.C.Pigou
J.M.Keynes
J.R.Hicks
Get steeper
Shift parallel to right
To get flatter
To shift upward
The products price
Expectations
The prices of factors of production used to produced it
Production technology
Different
Similar
Opposite
None of the above
Social costs
Opportunity costs
Explicit costs
Implicit costs
Ranked
Consumed
Expressed in numbers
Cannot be expressed in numbers
Marshal
J.R.Hicks
Adam smith
Rostow
How commoditys consumption rate differs at various levels of price
How commoditys consumption rate differs at various levels of satisfaction
How commoditys consumption rate differs at various levels of income
How commoditys consumption rate differs at various levels of taxes
Highly elastic
Perfectly inelastic
Fairly elastic
Moderately elastic
x =a-bp
x =b-ap
x = f(P)
Percentage change in demand Original demand
Proportionate change in demand Proportionate change in price
Change in demand Change in price
None of the above
Consumers
Employees
People
Labor
The price of the commodity
The time period
The price of substitutes
Any of the above
Isoprofit curve
Super profit curve
Normal profit curve
Indoprofit curve
Each player has a dominant strategy
No players have a dominant strategy
At least one player has a dominant strategy
Players may or may not have dominant strategies
Firms and industry price
Monopoly and duopoly price
Competitive and monopoly price
None of the above
Technological progress shifts the production function by allowing the firm to achieve more output from a given combination of inputs (or the same output with fewer inputs)
Technological progress shifts the production function by allowing the firm to achieve less output from a given combination of inputs (or the same output with more inputs)
Technological progress shifts the import function to the right
None of the above
When elasticities of demand in different markets are the same at the ruling price
When elasticities of demand are different in different markets at the ruling price
When elasticities cannot be known
When elasticities of demands are zero in different markets at the rulling price
Is equal to the substitution effect
More than offsets the substitution effect
Reinforces the substitution effect
Only partially offsets the substitution effect