Marginal cost is zero
Total cost is zero
External costs are zero
Average costs are zero
C. External costs are zero
Slope of total utility curve
Slope of average utility curve
Slope of marginal utility curve
Slope of total revenue curve
All of the consumer surplus
All of the producer surplus
Some part of the consumer surplus
None of them
Perfect competition price is charged
Monopoly price is charged
Monopoly price is not charged
None of the above
Constant average cost
Diminishing cost per unit of output
Optimum use of capital and factor
External economies
Friends
Relatives
Family
All of them
Less elastic
More elastic
Unit elastic
Zero elastic
Product markets
Factor markets
Supply and demand
a, b and c
S.Chakravarty
J.S.Mill
A.C.Pigou
F.W.Taussig
The wages employment ratio
The capital rent ratio
The rent labor ratio
The capital labor ratio
Lowest isoquant
Lowest isocost line
Highest isoquant
Highest isocost line
Negatively sloped
Vertical
Horizontal
Positively sloped
An increase in supply of coca cola
A decrease in supply of coca cola
An increase in demand for coca cola
A decrease in demand for coca cola
Differentiated goods
Homogeneous goods
Advertised goods
Distress sale of goods
Wage of self-employed proprietor
Depreciation on machinery
Returns on owned capital
Cost of raw materials
It gets more expensive
A household consumes more of it
Preference changes
A households income goes up
Moves (shifts) towards the axis
Moves (shifts) away from the axis
Remains unchanged
All of the above
J.S.Mill
Adam Smith
Robert Malthus
David Ricardo
Yield maximum total revenue
Minimize marginal cost
Maximize marginal cost
Equate marginal revenue with marginal cost
A stock concept
A flow concept
Both stock and flow
None of the above
Restrict output to increase price
Produce where MC > P
Create a gap b/w quantity demanded and supplied
None of the above
From different groups of consumers
For different uses
At different places
Any of the above
Technical relationship between input of a variable factor and the resulting output
Any economic relationship between input and output
An output maximizing relationship
A relationship with input changing and corresponding changes in output
fixation of price
Arc elasticity of demand
Cross elasticity of demand
Wage theory
Perfectly competitive international market
Perfectly competitive national market
Imperfect international market
Imperfect national market
Recessive strategy
Dormant strategy
Dominant strategy
Hidden strategy
Many goods
Few goods
Two goods
Three goods
Adam Smith
Karl Marx
Ricardo
Pigou
Quantity exchanged might rise or fall and price would rise
Quantity exchanged would rise and price would fall
Quantity exchanged would rise and price might rise or fall
Both quantities exchanged and price would rise
Both move together and reinforce each other
One moves and the other remains constant
Move in the opposite direction and neutralize each other
Both remain constant