Iso-utility curve
Production possibility line
Isoquant
Consumption possibility line
D. Consumption possibility line
All of the consumer surplus
All of the producer surplus
Some part of the consumer surplus
None of them
University professors
Computer components
Building materials
Jet airplanes
Policy on trade
Policy against inflation
The making of index numbers
Labor theory
Real Marginal Utility
Gross Marginal Utility
Weighted Marginal Utility
Money Marginal Utility
Made by agency
Not made by agency
Made by people
None of the above
Charge different prices, but produce identical outputs
Produce different outputs, but charge identical prices
Charge different prices, and produce different outputs
None of the above
Market price
Equilibrium price
Long-term price
Short-term price
Productive resources such as labor and capital equipment that firms use to manufacture goods and services are called inputs or factors of production
Unproductive resources that do not take part in production process are called inputs or factors of production
Firms own resources are called inputs or factors of production
None of the above
It may be nearly vertical
Quantity demanded is very sensitive to income
Demand is hardly affected by income
Close substitutes for the good are abundant
Positive
Unitary
Negative
Infinite
Lead to greater specialization
Offsets the effects of the law the law of comparative advantage
Lead to greater diversification of individual production
Cause firms to use more capital and less labor
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
dR/dQ + dC/dQ = 0
dR/dQ - dC/dQ = 0
dC/dQ - dR/dQ = 0
dR/dQ > dC/dQ > 0
Enforce contracts
Make contracts
Make negotiations
Do not make negotiations
Who must sacrifice fewer units of every other goods than any other producer
Who can produce more X per hour than any other producer
Who must sacrifice more units of every other goods than any other producer
None of the above
Economics of Welfare
Commerce and Trade
Industrial Economics
None of the above
R.G.Lipsey
Paul.A.Samuelson
E.D.Domar
J.M.Keynes
Alfred Marshal
Lord Keynes
Karl Marx
Prof. Robbins
Inelastic demand
Elastic demand
Unit elasticity
Zero elasticity
A stock concept
A flow concept
Both stock and flow
None of the above
Do not effect equilibrium
Affect equilibrium
Both a and b
None of the above
Is considered to be negligible and thus ignored
Is considered to be vital for the calculation of total cost
Is charged along with the price of the commodity
None of the above
Highly elastic
Perfectly inelastic
Fairly elastic
Moderately elastic
The incomes of consumers
The price of the good
What other commodities households could substitute for the good
Consumers expectations of the future
Percentage change in capital-labor ratio dividing by percentage change in
Percentage change in dividing by percentage change in capital-labor ratio
Percentage change in inputs dividing by percentage change in outputs
None of the above
Consumer
Producer
Farmer
All the producers and consumers
Price demanded and price paid
Price quoted and price actually paid
Price that a consumer is willing to pay and the price actually paid
None of the above
Chamberline
Sraffa
Carl marx
Robinson
Oligopoly
Perfect competition
Imperfect competition
None of the above
14 to 28
14 to 80
14 to 38
14 to 60