Technological progress that causes to raise the marginal product of capital and labor in the same proportion
Technological progress that causes the marginal product of capital to increase relative to the marginal product of labor
Technological progress that causes the marginal product of labor to increase relative to the marginal product of capital
None of the above
B. Technological progress that causes the marginal product of capital to increase relative to the marginal product of labor
R.Nurkse
R.C.Mathews
W.A.Lewis
K.N.Raj
Real Marginal Utility
Gross Marginal Utility
Weighted Marginal Utility
Money Marginal Utility
Capital labor ratio
Labor wage ratio
Factor price ratio
Factor labor ratio
2/3 of capacity of its plants
3/4 of capacity of its plants
1/3 of capacity of its plants
1/2 of capacity of its plants
Negative
Positive
Zero
Infinite
Both price and output
Either price or output
Neither price nor output
None of the above
not ignor the activities of the rival
ignor the activities of the rival
both a and b
none of the above
Consumer surplus
Zero
Two rupees
Excess demand
N.Kaldor
Alfred Marshal
J.M.Keynes
J.S.Duesenberry
Complements
Close substitutes
Both a and b
None of the above
An upward pressure on price
A downward pressure on price
Price will remain unaffected
All of the above
Rise
Fall
Remain unchanged
Change depending on respective elasticities
Wages of the labor
Charges of electricity
Interest on owned money capital
Payment for raw materials
Both parties make better-off
Both parties make worse-off
Both parties become Neutral
One party can become better off only if another is made worse off
Always rises
Always falls
First falls and then rises
First rises and then falls
One output
One input
Two outputs
Two inputs
Zero
Infinity
Unity
More than unity
Increase at decreasing rate
Increase at constant rate
Decrease at increasing rate
Increase at increasing rate
Positive
Unitary
Negative
Infinite
Infinitely elastic demand
Infinitely inelastic demand
Relatively elastic demand
Relatively inelastic demand
Normal profits
Abnormal profits
Differential profits
No profits
J.B.Clark
L.Euler
J.A.Schumpeter
Alfred Marshal
Producers
Workers
Managers
Consumers
When there is a single producer
When there is a single producer without any close substitute
When there is a single producer with close substitutes
When a few producers control the industry
Move to another indifference curve
Move along given indifference curve
Move to lower indifference curve
Move to upper indifference curve
Adding up the prices consumers are wiling to pay at each quantity demanded
Multiply each consumers demand curve by the total number of consumers in the market
Adding the quantities denmanded by all consumers at each alternative price
None of the above
Choices
Preferences
Both a and b
None of the above
Downward to the left
Downward to the right
Upward to the right
Upward to the left
Constant returns to scale
Increasing returns to scale
Decreasing returns to scale
None of the above
David Ricardo
Adam Smith
James Mill
A.C.Pigou