When there is a single producer
When there is a single producer without any close substitute
When there is a single producer with close substitutes
When a few producers control the industry
B. When there is a single producer without any close substitute
Beef
Mutton
Bread
Motion-picture tickets
Similar optimal combinations
Different optimal combinations
Both of them
None of them
Guides most resource allocation decisions
Operates effectively only in the labor market
Operates effectively only in the market for capital
Is prevented from operating effectively
face costs
face taxes
donot face taxes
donot face costs
Zero
Identical with the MR
A horizontal straight line
Infinite
LMC.Q
AC.Q
LC.Q
LAC.Q
Ban on exit
Ban on entry
Free entry
Free entry and exit
E =1
E >1
E <1
E =0
Average requirement for it in any given place
Amount of it wanted at any given price
Amount that people would like to buy during a period at different prices
Quantity needed to maintain a given standard of living
Repeated games
Cooperative games
Non-cooperative games
Constant games
Always three times than the slope of AR
Always double than the slope of AR
Always equal to the slope of AR
None of the above
A fall in price
A decrease in the number of firms in the long-run
A decrease in the output of each firm
All of the above
Restricted entry and exit of the firms
Semi free exit but absolute free entry
Free entry but restricted exit of the firms
Free entry and free exit of the firms
The U shape of long-run cost curve is less pronounced than the short-run cost curves
The U shape of the short-run cost curves is less pronounced than the long-run cost curves
The U shape of the long-run cost curve is more pronounced than the short-run cost curves
The long-run cost curves are never U shaped
Below
Above
Equal level
None of the above
Conditional
Moral by nature
Predicted
Like laws of sports
More than the price
Less than the price
Equal to the price
Less than or equal to the price
Is not in equilibrium
Will not buy any banana
Will buy some banana but less than he buys of apples
Is willing to pay more for apples than bananas
Costs per unit of output are lowest
Total profits are highest
Marginal cost is lowest
Profit per unit of output is zero
P = AVC
TR =TVC
The total losses of the firm equal TFC
All of the above
Can be ignored
Cannot be ignored
Partially be ignored
None of the above
Be similar
Not be similar
Equal
None of the above
W.W. Leontief
E.D.Domar
R.G.D.Allen
J.M.Keynes
Repel each other
Represent each other
Intersect each other
None of the above
Irving Fisher
J.B.Clark
J.M.Keynes
Gunnar Myrdal
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
Recessive strategy
Dormant strategy
Dominant strategy
Hidden strategy
R.Nurkse
R.C.Mathews
W.A.Lewis
K.N.Raj
Biased
Binding
Not binding
Conditional
Downwards to the right
Upwards to the right
Backwards to the top
Inwards at the bottom