AC curve
SC curve
TC curve
None of the above
C. TC curve
J.P.Lewis
R.G.D.Allen
Paul A.Samuelson
E.D.Domar
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
Negative
One
Positive
Zero
Fully spent
Half spent
Partially spent
Correctly spent
The real income of consumer falls
The real income of consumer rises
The real income of a consumer remains constant
The real income of consumer becomes zero
>
None of the above
Is equal to the substitution effect
More than offsets the substitution effect
Reinforces the substitution effect
Only partially offsets the substitution effect
All of the consumer surplus
All of the producer surplus
Some part of the consumer surplus
None of them
Monopoly
Multi-plant monopolist
Bilateral monopoly
Price discrimination
An increase in demand
A decrease in demand
An increase in supply
A decrease in supply
Per unit revenue received from all the units sold by the producer
Revenue of the units having average size
Total number of units× Revenue per unit
Total revenue × Number of units sold
Maximize output
Minimize output
Minimize cost
Maximize profit
Fixed cost per unit
Variable cost per unit
Total cost per unit
Marginal cost
Improvements in its technology
Fall in the prices of other commodities
Fall in the prices of factors of production
All of the above
Become equal
Decrease
Become constant
Increase
Perfect elasticity (infinitely elastic)
Relative elasticity (greater than one elasticity)
Perfect inelasticity (zero elasticity)
Relative inelasticity (less than one elasticity)
It gets more expensive
A household consumes more of it
Preference changes
A households income goes up
Hydraulic function
Cubic function
Pentagonic function
Quadratic function
Is only a choice among the technologically efficient combination
Depends on the relative price of inputs
Depends on the price of the product
Depends on the profits made
Only two commodities
Only three commodities
More than three commodities
Any number of commodities
Price and output determination
Price rigidity (price stickness)
Price leadership
Collusion among rivals
Hand of God
Market self regulating system
Hands of invisible people
Regulations of government
In ordinal approach we can separate the income effect from the substitution effect of a price change
In ordinal approach we can study the consumer behavior more closely
In ordinal approach the consumer is assumed more rational
In ordinal approach the consumer has more income
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
output
input
price
advertisement
1st firm does not cooperate
1st firm cooperates
1st firm collapses
None of the above
Exact science
Inexact science
Pure science
All of the above
Positive Economics
Normative Economics
Micro Economics
Development Economics
A and B are substitute goods
A and B are complementary goods
A is inferior to B
A is superior to B
Output
Sales
Profits
None of the above