Payments for raw materials
Labor cost
Transportation charges
Insurance premium on property
D. Insurance premium on property
Pure competition
Pure monopoly
Oligopoly
Monopolistic competition
Positive Economics
Normative Economics
Micro Economics
Development Economics
Implicit costs
Explicit costs
Fixed costs
Variable costs
Output cost
Output ratio
Input prices
Input ratio
Only one use
Many uses
Uses which cannot be postponed
Uses very essential for the consumer
Research in mathematical economics
Economics of labor
Theory of production
Theory of demand
Close substitutes are available
It has a high price
It is a luxury
It has no very close substitutes
Reaction of rival firms
Reactions of people
No reaction of rival firms
None of the above
Perfectly elastic
Relatively elastic
Unitary elastic
Relatively inelastic
Can be ignored
Cannot be ignored
Partially be ignored
None of the above
Maximum optimal scale
Average optimal scale
Minimum optimal scale
None of the above
The different combinations of X and Y in any way the consumer wants
The different combinations of X and Y higher and lower and measuring the difference of utility between them
The different combinations of X and Y higher and lower and not measuring the difference of utility between them
None of above
Straight line
Convex to origin
Concave to origin
Lshaped
Zero
Identical with the MR
A horizontal straight line
Infinite
LMC.Q
AC.Q
LC.Q
LAC.Q
The price of only Y is varied
The price of only X is varied
The prices of both Y and X are varied
None of the above
Technological progress shifts the production function by allowing the firm to achieve more output from a given combination of inputs (or the same output with fewer inputs)
Technological progress shifts the production function by allowing the firm to achieve less output from a given combination of inputs (or the same output with more inputs)
Technological progress shifts the import function to the right
None of the above
Maximum
Minimum
Zero
One
Firm
Product group
Producers
Shopkeepers
Linearly homogeneous
Zero homogeneous
Infinite homogeneous
None of the above
Decreases
Increases
Remains constant
Zero
Transforming Traditional Agriculture
Productivity and Technical Change
Jobs, Poverty and the Green Revolution
Causes of Poverty
Only two commodities
Only three commodities
More than three commodities
Any number of commodities
The producer will often produce a volume that is less than the amount which would maximize the social welfare.
The producer will often produce a volume that is more than the amount which would maximize the social welfare.
The consumers will often consume a volume that is more than the amount which would maximize the social welfare.
None of the above
Perfect elasticity (infinitely elastic)
Perfect inelasticity (zero elasticity)
Unit elasticity
Zero elasticity (infinitely inelastic)
MC = AC and P=MR
MC=MR and P =AR= ATC
Loss because of past
Learn from past
Destroy because of past
None of the above
A given quantity of output that can be produced by various combinations of two inputs
Varying quantities of output that can be produced by the same combination of two factors
Combination of two factors that can give the least cost of production
Combination of two goods that cost the same amount to the producer
Substitution Effect
Income Effect
Both substitution and income effect
None of them
Cournot model
Edgeworth model
Chamberline model
Sweezy model