Freedom
Scarcity
Social class
Politics
B. Scarcity
stable cartel
unstable cartel
prominent cartel
special cartel
Research in mathematical economics
Economics of labor
Theory of production
Theory of demand
Conditional
Moral by nature
Predicted
Like laws of sports
Downwards to the right
Upwards to the right
Backwards to the right
Inwards at the bottom
Downward sloping
Upward sloping
Horizontal straight line
Vertical straight line
Weak orderings
Neutral orderings
Partial orderings
Strong orderings
Substitution effect
Income effect
Both substitution and income effect
None of them
Steps downwards at first and then upwards
Steps upwards, then remains constant and then falls
Steps downwards
None of the above
Led the Russian Revolution
Provided the theoretical basis for socialism(communism)
Developed his theory in response to the Great Depression of the 1930s
None of the above
Downward to the left
Downward to the right
Upward to the right
Upward to the left
>
None of the above
identical
differential
very high
very low
Better off
Worse off
In equilibrium
Neither better off nor Worse off
Increasing returns to scale
Decreasing returns to scale
Constant returns to scale
Variable returns to scale
Increased
Equalized
Prominent
Zero
Change in the tastes of consumers at different prices
The rate of response of demand to a change in supply
The change in costs when output is increased by one unit
The responsiveness of demand to a change in price
Irving Fisher
J.B.Clark
J.M.Keynes
Gunnar Myrdal
A utility function refers to a particular individual and reflects the tastes of that individual
When the tastes of an individual changes, his utility function changes(shifts)
Different individuals usually have different tastes and thus have different utility functions
Different individuals have same tastes and thus have the same utility function
Variety of uses for that commodity
Its low price
Close substitutes for that commodity
High proportion of the consumers income spent on it
Made by agency
Not made by agency
Made by people
None of the above
TR equals TC
The TR curve and the TC curve intersect such that TR and TC lie at the same point
The TR curve and the TC curve are parallel and TC exceeds TR
The TR curve and the TC curve are parallel and TR exceeds TC
The greater its elasticity is likely to be
The weaker its elasticity is likely to be
The unchanged its elasticity is likely to be
None of the above
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
We do not need to attach util values to consumption
Consumers can attain higher utility
It takes into account how much income the household has
We can determine how much of one good the consumer is willing to sacrifice in order to consume one more unit of another
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
Style
Salesmanship
Locality
All of these
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
Indifferent
Different
In equilibrium
Dominant
I am doing the best, I can given what you are doing
You are doing the best, you can given what I am doing
Both a and b
None of the above
Profit curve
Demand curve
Average cost curve
Indifference curve