Real cost and money cost
Variable cost and fixed cost
Average cost and average revenue
Marginal cost and average cost
C. Average cost and average revenue
Modern and traditional industries
Public and private sectors
Foreign and domestic investments
Commercial and subsistence farming
Its total cost will be zero
Its variable cost will be positive
Its fixed cost will be positive
Its average cost will be zero
Ricardo
Marshal
Chamberlin
Mrs. Robinson
Positive Economics
Normative Economics
Micro Economics
Development Economics
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
Adam Smith
Carl Menger
Ruskin
J.B.Say
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
Total utility to fall and marginal utility to increase
Total utility and marginal utility both to increase
Total utility to fall and marginal utility to become negative
Total utility to become negative and marginal utility to fall
L-shaped
J-shaped
M-shaped
V-shaped
The supply curve will shift down or right
The supply curve will shift up or left
Both demand and supply curve shifts would occur
None of the above
Zero
Identical with the MR
A horizontal straight line
Infinite
Can be added
Can be subtracted
Can be multiplied
Can be divided
Labour
Capital
Both of them
None of them
Constant returns to scale
Increasing returns to scale
Decreasing returns to scale
None of the above
Societys knowledge of production
Applied science
Knowledge of science and mathematics
None of the above
Industrialists
Prisoners
Common men
Workers
Marginal cost is zero
Total cost is zero
External costs are zero
Average costs are zero
Maximize output
Minimize output
Minimize cost
Maximize profit
Economic substitutes
Technical substitutes
Both a and b
None of the above
J.S.Mill
Adam Smith
Robert Malthus
David Ricardo
Market price
AVC
TFC
AFC
Negatively sloped
Vertical
Horizontal
Positively sloped
Technical relationship between inputs and output
Profitability production
Relation between MR and MC
Relation between AR and AC
Perfectly elastic
Relatively elastic
Unitary elastic
Relatively inelastic
Demand curve is more than supply curve
Supply curve is more than demand curve
Supply curve is equal to demand curve
None of the above
Repeated games
Cooperative games
Non-cooperative games
Constant games
Slope of total utility curve
Slope of average utility curve
Slope of marginal utility curve
Slope of total revenue curve
R.G.Lipsey
Paul.A.Samuelson
E.D.Domar
J.M.Keynes
Directly related
Unrelated
Closely related
Negatively related
L-shaped
U-shaped
V-shaped
Both a and b depending on situation