Lessen the differentiation
Widen the differentiation
Does not effect the differentiation
All of the above
B. Widen the differentiation
The different combinations of X and Y higher and lower without actually measuring the difference of utility between them
The different combinations of X and Y higher and lower and measuring the difference of utility between them
Different combination of X, Y and Z
None of above
Always rises
Always falls
First falls and then rises
First rises and then falls
Unstable
Stable
Variable
Fluctuating
Left to right
Right to left
Both of them
None of them
Alfred Marshal
Lord Keynes
Karl Marx
Prof. Robbins
Theory of price
Theory of value
Theory of labor
Theory of cost
Total costs
Fixed costs
Variable costs
Marginal costs
Save as much of his income as possible
Spend as much of his income as possible
Buy everything at the lowest possible price
Make wise choices among available economic goods
Resource( factors of production) used in production became more costly
The technology of production improves
Consumers income increased
Some sellers left the market
Relative demand curve
Proportional demand curve
Productive demand curve
Differential demand curve
Product costs
Real costs
Menu costs
Nominal costs
Positive
Negative
Zero
None of the above
An upward pressure on price
A downward pressure on price
Price will remain unaffected
All of the above
The substitution effect is more certain
The income effect is more certain
The substitution effect is uncertain
The income effect is always positive
Due to change in price while other factors remain constant
Due to change in factors other than price
Both a and b
None of the above
W.W. Leontief
E.D.Domar
R.G.D.Allen
J.M.Keynes
Nil resources
Limited resources
Many resources
Extra resources
Bellow the lower ridge line
Above the upper ridge line
Between the two ridge lines
On the upper ridge line
Similar optimal combinations
Different optimal combinations
Both of them
None of them
The amount of Y a consumer is willing to give up to obtain one additional unit of X and still remain on the same indifference curve
The amount of X a consumer is willing to give up to obtain one additional unit of Y and still remain on the same indifference curve
The amount of Y a consumer is willing to give up to obtain one additional unit of X and move to a higher indifference curve
The amount of X a consumer is willing to give up to obtain one additional unit of Y and move to a higher indifference curve
L/K ratio
K/L ratio
P/L ratio
P/K ratio
Equal MU from both commodities X and Y
More MU from commodity X than from commodity Y
More MU from commodity Y than from commodity X
Equal marginal utility from the last rupee spent on commodity X and commodity Y
Product similarity
Product differentiations
Product inferiority
None of the above
Total stock of a commodity in the market
Total production of a commodity during the year
Total production plus total stock of a commodity
Amount of commodity offered for sale at some price at a particular place and time
Get noticed by the rival firms
Get unnoticed by the rival firms
Get noticed by the employees of the rival firms
None of the above
Do not effect equilibrium
Affect equilibrium
Both a and b
None of the above
When each firm is in equilibrium equating MC with MR
When all the firms are earning only normal profits
When firms outside have no tendency to enter the industry and those within, have no tendency to leave the industry
All of the above
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
Concave to the origin
Convex to the origin
Tangent to the origin
None of the above
Proportional demand curve (PDC) and individual demand curve (IDC) intersect each other
Proportional demand curve (PDC) and individual demand curve (IDC) are parallel to each other
Proportional demand curve (PDC) and individual demand curve (IDC) repel each other
None of the above