Total expenditures increases
Total expenditures decreases
Total expenditures are zero
Total expenditures remain same
D. Total expenditures remain same
1756
1777
1776
1801
14 to 28
14 to 80
14 to 38
14 to 60
Upward shift in demand curve
Downward shift in demand curve
Movement on the same demand curve
No movement or shift at all
Increase at decreasing rate
Increase at constant rate
Decrease at increasing rate
Increase at increasing rate
Average fixed cost increases sharply
More production yields lower per unit price
The law of variable proportions applies to short run production
Sales expenses become much larger
When elasticities of demand in different markets are the same at the ruling price
When elasticities of demand are different in different markets at the ruling price
When elasticities cannot be known
When elasticities of demands are zero in different markets at the rulling price
The price is below equilibrium
The price is at equilibrium
The price must fall
We cannot tell anything about the price
Wages of labor
Factor pricing
Theory of rent
Determination of the rate of interest
Price
Entry
Both a and b
None of the above
It is given to a lot of criticism
It is too difficult to be explained
It is based on assumptions which are unreal
Economists do not agree on this
Ricardo
Adam Smith
Pigou
Samuelson
Banned
Free
Partially free
Allowed
The cost of producing any given output
The various combinations of input that could be employed in production of any given quantity of output
The various combinations of input that should be used in producing any given quantity of output in an efficient manner
The maximum profit level of output
Fixed factors
Variable factors
Both of them
None of them
Less elastic
More elastic
Unit elastic
Zero elastic
Free good
Economic good
Both of the above
None of the above
An optimum firm
A representative firm
An oxford firm
A marginal firm
Charge the same price in both markets
Always charge a higher price in the market where he sells more
Always charge a higher price in the market where he sells less
Adjust his sales in the two markets so that his marginal revenue in each market just equals his aggregate marginal cost
Sloping downward
Sloping upward
Positively sloped
Negatively sloped
Production cost
Collection cost
Raw material costs
Distribution costs
R-C
R>C
R=C
Other things being equal
Because of this
Due to this
All the factors changes at the same rate
Monopoly
Perfect competition
Imperfect competition
Monopolistic competition
Price
Quantity
Supply
Demand
Change in consumers income
Change in consumers tastes
Change in price
None of the above
S.Kuznets
H.Liebenstein
A.O.Hirshman
Alfred Marshal
The price of their product
Product quality
The shape of the market demand curve
The elasticity of product substitution
TFC TVC
TFC/TVC
TVC/TFC
TFC +TVC
Shifts away from the commodity the price of which has fallen
Shifts in favour of a commodity the price of which has risen
Shifts away from a commodity the price of which has risen, in favour of a commodity the price of which has fallen
None of the above
A rising supply curve
A rising demand curve
A falling supply curve
A falling demand curve