A system of relative prices
A belief that employees work for the good of society
Government ownership of the means of production
Moral incentives to encourage productive efficiency
A. A system of relative prices
Wages of the labor
Charges of electricity
Interest on owned money capital
Payment for raw materials
Close substitutes
Good complements
Completely unrelated (independent goods)
None of the above
Two goods
A few goods
One good
Many goods
Maximum optimal scale
Average optimal scale
Minimum optimal scale
None of the above
Better off
Worse off
In equilibrium
Neither better off nor Worse off
Decreases
Increases
Remains constant
Zero
Income Consumption Curve (ICC)
Engels Curve
Price Consumption Curve (PCC)
Production Possibility Curve (PPC)
Positive Economics
Normative Economics
Micro Economics
Development Economics
Lowering the price, if the demand curve is elastic
Lowering the price, if the demand curve is inelastic
Rising the price, if the demand curve is elastic
None of the above is applicable
Price system
Barter system
Islamic economic system
Socialistic system
Slopes downwards to the right
Slopes upward to the right
Is vertical to the x-axis
Is horizontal to the x-axis
Ban on exit
Ban on entry
Free entry
Free entry and exit
Preferences
Income
Prices
Consumption
The incomes of consumers
The price of the good
What other commodities households could substitute for the good
Consumers expectations of the future
Total profit
Average profit
Net profit
Marginal profit
Constant rate
Decreasing rate
Increasing rate
None of the above
Few economic agents
All the economic agents
Two economic agents
Many economic agents
banned
allowed
partially allowed
none of the above
Implicit costs
Explicit costs
Fixed costs
Variable costs
Alfred Marshal
J.S.Mill
David Ricardo
A.C.Pigou
Average variable cost
Average fixed cost
Average variable cost + average fixed cost
Marginal costs
x =a-bp
x =b-ap
x = f(P)
Budget line and indifference curve intersect each other
Budget line and indifference curve are tangent to each other
Budget line and indifference curve are opposite to each other
Budget line and indifference curve are parallel to each other
Indifferent
Different
In equilibrium
Dominant
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
P = AC
P = MC
AC = MC
MC = TR
They must consume the same amounts of all goods
The wealthier one will have lower marginal utility for most goods
The wealthier one will have higher marginal utility for most goods
They will enjoy the same level of utility
TU curve
MU curve
Supply curve
None of the above
Oligopoly
Perfect competition
Imperfect competition
None of the above
What you do
What you are doing
What you not do
None of them