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
B. Utility derived from the last unit of a commodity which is being consumed
Freedom and Reform
The Green Revolution
Economic Integration
Risk ,Uncertainty and Profit
Variable costs
Fixed costs
Average costs
Marginal costs
Under perfect competition
Under monopoly
Under imperfect competition
Under all the above market forms
Price of the commodity
Conditions of supply
Taste of the consumer
Demand for the commodity
MC = MR
MC cuts the MR from below
MC rises when it cuts the MR
All the above three conditions are fulfilled
A fall in price
A decrease in the number of firms in the long-run
A decrease in the output of each firm
All of the above
Downward sloping
Upward sloping
Horizontal straight line
Vertical straight line
Constant rate
Decreasing rate
Increasing rate
None of the above
Negative
Inverse
Positive
Both (a) and(b)
P = AVC
TR =TVC
The total losses of the firm equal TFC
All of the above
Maximize output
Minimize output
Minimize cost
Maximize profit
A specific duration of time
A varying duration of time
A duration of time which permits necessary adjustments
A period with calculated intervals
Its total cost will be zero
Its variable cost will be positive
Its fixed cost will be positive
Its average cost will be zero
MR is positive
MR falls
MR rises
MR is zero
Total costs
Fixed costs
Variable costs
Marginal costs
Applies on both money and other commodities
Does not apply on money
Does not apply on bank money but applies on cash money
Applies on all the commodities except on money
R.Nurkse
R.C.Mathews
W.A.Lewis
K.N.Raj
Rise
Fall
Remain the same
None of the above
Firm to the left
Industry to the right
Firm to the right
Industry to the left
Rising
Falling
Parallel to X-axis
Parallel to Y-axis
Negative
Positive
Infinite
Zero
Is equal to the substitution effect
More than offsets the substitution effect
Reinforces the substitution effect
Only partially offsets the substitution effect
Input factor
Heavy factor
Output factor
Load factor
Engels curve
Production indifference curve
Budget line
Ridge line
Increase at decreasing rate
Increase at constant rate
Decrease at increasing rate
Increase at increasing rate
Bertrand model
Chamberlin model
Kinked demand model (Sweezy Model)
All of the above
Perfectly elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unit elastic
Relatively inelastic (less than one elasticity)
Equal to one
Greater than one
Smaller than one
Zero
Two sellers
A few sellers
Five sellers
Many sellers
Economies and diseconomies of production
Indivisibility of factors
Fixity of supply of land
Variable factor productivity