Demand becomes less elastic
Elasticity does not change
Demand has unitary elasticity
Demand becomes more elastic
A. Demand becomes less elastic
Payments for raw materials
Labor cost
Transportation charges
Insurance premium on property
MR=ATC
P=ATC
P=MC
P=AC
Biased
Binding
Not binding
Conditional
Isoquant line
Isocost line
Indifference curve
Price line
Average revenue curve lies above the marginal revenue curve
Average revenue curve coincides with the marginal revenue curve
Average revenue curve lies below the marginal revenue curve
Average revenue curve is parallel to the marginal revenue curve
Two
One
Very large
A few
Monopoly
Private property
Workable competition
Oligopoly
Negative
Inverse
Positive
Both (a) and(b)
Ed = AR/ (AR- MR)
Ed = MR/ (AR-MR)
Ed = AR/(MR-AR)
Ed = AR/ MR
Contraction of demand
Decrease in demand
Increase in demand
Extension of demand
Statements of various assumptions or postulates
Logical deductions from the assumptions made
Testing the hypothesis against empirical evidence
All of the above
Gunnar Myrdal
N.Kaldor
A.C.Pigou
J.K.Galbraith
Freedom of entry and exit
Each seller is a price taker
Perfect information about prices
Heterogeneous products
The rising portion of its MR over and above the break-even (shut-down) point
The rising portion of its MC over and above the break-even (shut-down) point
The rising portion of its MC over and above the AC curve
The rising portion of its MC curve
Total stock of a commodity in the market
Total production of a commodity during the year
Total production plus total stock of a commodity
Amount of commodity offered for sale at some price at a particular place and time
Circle
Rectangle
Parabola
None of the above
fixation of price
Arc elasticity of demand
Cross elasticity of demand
Wage theory
greater than zero
less than one
greater than one
less than one
Monopoly
Multi-plant monopoly
Bilateral monopoly
Price discrimination
Maximum
Minimum
Infinite
Not measureable
Total costs
Fixed costs
Variable costs
Marginal costs
Increase in demand for Y
Decrease in demand for Y
Decrease in demand for both X and Y
No change in demand for Y
Demand curve for sugar will shift downward (leftward)
Supply curve for sugar will shift leftward (upward)
Demand curve for bread will shift downward (leftward)
None of the above
Helps in separating the income effect and the substitution effect
Does not help in separating the two effects
Mixed up the two effects
None of the above
Ban on exit
Ban on entry
Free entry
Free entry and exit
Physical science
Social science
Natural science
Basic science
Policy on trade
Policy against inflation
The making of index numbers
Labor theory
Operating under diminishing cost
Making optimum use of plant capacity
Operating at excess capacity
Operating under increasing costs
Input prices
Technological innovations
Both of them
None of them
Per unit revenue received from all the units sold by the producer
Revenue of the units having average size
Total number of units× Revenue per unit
Total revenue × Number of units sold