X.PX + Y.PY = 1
X.PX + Y.PY < 1
X.PX + Y.PY > 1
X.PX + Y.PY = 0
A. X.PX + Y.PY = 1
Decreasing return to scale
Increasing return to scale
Constant return to scale
None of the above
Perfectly competitive international market
Perfectly competitive national market
Imperfect international market
Imperfect national market
Vertical
Horizontal
Controlled by the largest producers
Unaffected by inflation
Both parties make better-off
Both parties make worse-off
Both parties become Neutral
One party can become better off only if another is made worse off
Positive
Unitary
Negative
Infinite
Variable
Constant
Increasing
Decreasing
The rising portion of its MR over and above the break-even (shut-down) point
The rising portion of its MC over and above the break-even (shut-down) point
The rising portion of its MC over and above the AC curve
The rising portion of its MC curve
The budget line to get steeper
The budget line to shift parallel to the right
The indifference curve to shift up
The budget line to get flatter
Increasing marginal utility
Decreasing marginal utility
Zero marginal utility
Negative marginal utility
Slopes downward
Slopes upward
Becomes horizontal
Becomes vertical
ATC
AVC
AFC
None of the above
Inelastic demand
Elastic demand
Unit elasticity
Zero elasticity
Cannot be changed
Can be changed
Can partially be changed
None of the above
Resource( factors of production) used in production became more costly
The technology of production improves
Consumers income increased
Some sellers left the market
Cost maximization
Product maximization
Revenue maximization
None of the above
Negative
Zero
Positive
Infinite
An AR curve which is a horizontal straight line
An AR curve which slopes downward
An AR curve which has a kink
An AR curve shape of which cannot be predicted
Can not influence the market
Can influence the market
Is a price taker
None of the above
1756
1777
1776
1801
Increase demand for the good
Increase supply of the good
Reduce the equilibrium price of the good
None of the above
Control over production but not over price
Control neither on production nor on price
Control over consumers
Control over production as well as over price
Ricardo
Marshal
Neomann and Morgenstern
Karl Marx
Balance stat
Equilibrium
Disequilibrium
Authenticated form
Equal to the prices of its products
Positively related to output
Negatively related to output
Always higher than marginal cost
Demand curve is more than supply curve
Supply curve is more than demand curve
Supply curve is equal to demand curve
None of the above
Ranked
Consumed
Expressed in numbers
Cannot be expressed in numbers
MP = AP
MP < AP
MP > AP =0
MP > AP
Negative
Positive
Infinite
Zero
Concave
Quasi-convex
Straight line
Convex
Lowering the price, if the demand curve is elastic
Lowering the price, if the demand curve is inelastic
Rising the price, if the demand curve is elastic
None of the above is applicable