The price at which the marginal unit sells
Total revenue sale of all units divided by volume of sales
Average revenue of total output average revenue of last unit
The change in total revenue resulting from the sale of one unit more of output
D. The change in total revenue resulting from the sale of one unit more of output
TR equals TC
The TR curve and the TC curve intersect such that TR and TC lie at the same point
The TR curve and the TC curve are parallel and TC exceeds TR
The TR curve and the TC curve are parallel and TR exceeds TC
Save as much of his income as possible
Spend as much of his income as possible
Buy everything at the lowest possible price
Make wise choices among available economic goods
The price falls and the demand also falls down
The price increases but demand falls down
The price increases the demand remains constant and when the price remains constant the demand goes up
The price remains constant but demand falls
Made by agency
Not made by agency
Made by people
None of the above
Is equal to the substitution effect
More than offsets the substitution effect
Reinforces the substitution effect
Only partially offsets the substitution effect
Infinitely elastic demand
Infinitely inelastic demand
Relatively elastic demand
Relatively inelastic demand
Labor theory
Production theory
Laisseze-faire
None of the above
Fully spent
Half spent
Partially spent
Correctly spent
Thousands
Few
Innumerable
Hundreds
The change in price
The change in supply
The percentage change in supply
The percentage change in price
Technology
Number of buyers in the market
Consumer income
Household tastes
TFC TVC
TFC/TVC
TVC/TFC
TFC +TVC
Always
Never
When LAC is falling
Only at that level of output when LAC is at its minimum
Input
Output
Both of them
None of them
The supply curve will shift down or right
The supply curve will shift up or left
Both demand and supply curve shifts would occur
None of the above
Perfectly elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unitary elastic
Relatively inelasticity (less than one elasticity)
Do not effect equilibrium
Affect equilibrium
Both a and b
None of the above
Rise
Fall
Remain the same
None of the above
Perfectly elastic
Relatively elastic
Unitary elastic
Relatively inelastic
Positive
Negative
Neutral
Infinite
Decreasing returns to scale
Constant returns to scale
Increasing returns to scale
maximum returns to scale
A less than proportionate change in quantity demanded
A more than proportionate change in quantity demanded
The same proportionate change in quantity demanded
No change in quantity demanded
Bertrand model
Chamberlin model
Kinked demand model (Sweezy Model)
All of the above
It must be profitable to him to sell output in more than one market
Marginal revenue in both markets must be the same
Marginal revenue in both markets must also be equal to the marginal cost of producing the monopolists aggregate output
All the above
Principle of returns to scale
Law of variable proportions
External and internal economies and diseconomies
None of the above
Deviates from his strategy
Does not deviate from his strategy
Does not think in a good way
None of the above
Also decrease it
Increase it
Remain uneffected
None of the above
Quantity exchanged might rise or fall and price would rise
Quantity exchanged would rise and price would fall
Quantity exchanged would rise and price might rise or fall
Both quantities exchanged and price would rise
Marshallian demand curve
Hicksian demand curve
Slutsky demand curve
All the above
Average demand function
Qualified demand function
Constructive demand function
Relative demand function