Economic profit
Rent
Accounting profit
Normal profit
B. Rent
Constant
Less elastic
More elastic
Perfectly elastic
Total cost or total variable cost
Total explicit cost
Total fixed cost
Total implicit cost
Independence of firms
Interdependence of firms
Independence of individuals
Interdependence of materials
Both move together and reinforce each other
One moves and the other remains constant
Move in the opposite direction and neutralize each other
Both remain constant
Price is a dependent variable and quantity is an independent variable
Price is an independent variable and quantity is a dependent variable
Price and quantity both are independent variables
Price and quantity both are dependent variables
Equating price and marginal revenue
Equating price and average total cost
Increasing marginal cost and lowering fixed costs
Equating marginal cost and marginal revenue
Concave isoquant
Convex isoquant
Constant isoquant
None of the above
Classical approach
Keynesian approach
Neo-classical approach
Modern approach
The U shape of long-run cost curve is less pronounced than the short-run cost curves
The U shape of the short-run cost curves is less pronounced than the long-run cost curves
The U shape of the long-run cost curve is more pronounced than the short-run cost curves
The long-run cost curves are never U shaped
Equal to the prices of its products
Positively related to output
Negatively related to output
Always higher than marginal cost
More quantity demanded at a lower price
More quantity demanded at a higher price
More quantity demanded at the same price
None of the above
A.C.Pigou
Alfred Marshal
J.M.Keynes
D.H.Robertson
Extra price benefits
Shortage of quantity
Surplus of quantity
Difference between actual price and potential price
true
not true
reliable
deniable
L-shaped
J-shaped
M-shaped
V-shaped
Price leadership model
Bertrands model
Collusive model
Edgeworths model
1st firm does not cooperate
1st firm cooperates
1st firm collapses
None of the above
per income rupee
Marginal utility of commodity X
Marginal utility of commodity Y
Marginal utility per rupee spent on X and Y commodities
None of the above
A few
Four
Two
Very large
Least cost factor combination
Optimum factor combination
Both a and b
None of them
none of the above
In the short-run under perfect competition
In the long-run under perfect competition
In the short-run under monopolistic competition
In the long-run under monopolistic competition
Q = f(L)
U =f(X)
Q =f(K)
Q =f(L,K)
Price
Output
Cost
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Normal profits
Abnormal profits
Differential profits
No profits
Thousands
Few
Innumerable
Hundreds
Iso-utility curve
Production possibility line
Isoquant
Consumption possibility line
Not relevant to elasticity
The only factor determining elasticity
Only one of the factors influencing elasticity
None of the above
important
materialized
accepted
rejected