A lower indifference curve
A lower PPC curve
Remains on same indifference curve
A higher indifference curve
D. A higher indifference curve
Payments for raw materials
Labor cost
Transportation charges
Insurance premium on property
Grocery stores
High-Tech industries
Automobiles
Construction
Simple model
Dynamic model
Both of them
None of them
Negative
Positive
Near infinite
Zero
Has to touch the long run cost curve
Has to cross the long run cost curve
Has to lie above all points on the long run cost curve
Coincides with the long run cost curve at some point
Less than marginal revenue
Equal to marginal revenue
More than marginal revenue
None of the above
Alfred Marshal
J.M.Keynes
Paul A.Samuelson
A.C.Pigou
Different
Same
Zero
None of the above
Operating under diminishing cost
Making optimum use of plant capacity
Operating at excess capacity
Operating under increasing costs
Gunnar Myrdal
N.Kaldor
A.C.Pigou
J.K.Galbraith
the individuals
industry
firms
associations
The demand curve can be upward sloping
The price elasticity of demand could be zero
The price elasticity of demand could be greater than one
None of the above
Growth of firms processing its waste materials
Development of research bureau serving the industry
Supply of suitable skilled labor in the area
All of the above
Contraction of demand
Decrease in demand
Increase in demand
Extension of demand
MU < P
MU >P
MU = P
MU = 0
Technological progress that causes to raise the marginal product of capital and labor in the same proportion
Technological progress that causes the marginal product of capital to increase relative to the marginal product of labor
Technological progress that causes the marginal product of labor to increase relative to the marginal product of capital
None of the above
Monopoly
Monopolistic competition
Perfect competition
Oligopoly
Market price
Equilibrium price
Long-term price
Short-term price
Maximum
Zero
Minimum
Equal to one
Wages of the labor
Charges of electricity
Interest on owned money capital
Payment for raw materials
Vertical
Horizontal
Controlled by the largest producers
Unaffected by inflation
Explicit cost
Implicit cost
Variable cost
Fixed cost
Total units /No. of Revenues
Total Revenue/No. of Units
Marginal Revenue × Units
Total Units/ Price
Get steeper
Shift parallel to right
To get flatter
To shift upward
Improvements in its technology
Fall in the prices of other commodities
Fall in the prices of factors of production
All of the above
higher prices
zero prices
lower prices
specific prices
Constant average cost
Diminishing cost per unit of output
Optimum use of capital and factor
External economies
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
Monopoly
Monopolistic competition
Oligopoly
Perfect competition
Convex to the origin
Slopes downwards to the right
Parallel to each other
Cannot intersect each other