Is the same as economic efficiency
Is achieved when the output produced is maximum for the given level of inputs
Means that there is only one way to produce a given quantity of output
None of the above
B. Is achieved when the output produced is maximum for the given level of inputs
Monopoly
Monopolistic competition
Oligopoly
Perfect competition
A subjective concept
An ethical concept
An objective concept
A historical concept
Utility demand function
Compensated demand function
Collective demand function
Relative demand function
Wants are unlimited
Resources are scarce
Scarce resources have alternative uses
All of the above
V-shaped traditional cost curves
S-shaped traditional cost curves
Modern cost curves
U-shaped traditional cost curves
R.Nurkse
N.Kaldor
S.kuznets
Alfred Marshal
Monopoly
Perfect competition
Imperfect competition
Monopolistic competition
Chamberline
Sraffa
Carl marx
Robinson
In the immediate run
In the short run
When the supply is perfectly elastic
When producers have sufficient time to fully adjust to the demand change
Concave
Quasi-convex
Straight line
Convex
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
Auction market
Contract markets
Market for commercial office space
Natural gas market
Always
Never
When LAC is falling
Only at that level of output when LAC is at its minimum
Social ownership of the means of production
Freedom of enterprise
Use of centralized planning
Government decisions
Moves (shifts) towards the axis
Moves (shifts) away from the axis
Remains unchanged
All of the above
Rising cost
Falling cost
Rising input
Falling input
Rise
Fall
Remain the same
None of the above
Unitary elastic demand
Perfectly elastic demand
Perfectly inelastic demand
Relatively elastic demand
Economics of Welfare
Commerce and Trade
Industrial Economics
None of the above
L-shaped
U-shaped
V-shaped
Both a and b depending on situation
a = ½
� = ½
Both of them
None of them
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
Distribution
Exchange
Market structure
Consumer behaviour
At the left of its lowest point
At its lowest point
At the right of its lowest point
None of the above
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
Contraction of demand
Decrease in demand
Increase in demand
Extension of demand
Repeated games
Cooperative games
Non-cooperative games
Constant games
A given quantity of output that can be produced by various combinations of two inputs
Varying quantities of output that can be produced by the same combination of two factors
Combination of two factors that can give the least cost of production
Combination of two goods that cost the same amount to the producer
Increase at a constant rate
Decrease at a constant rate
Increase at a variable rate
Decrease at a variable rate
K.N.Raj
Amartiya Sen
A.C.Pigou
Alfred Marshal