Decreasing return to scale
Increasing return to scale
Constant return to scale
None of the above
C. Constant return to scale
None of the above
Production cost
Physical cost
Real cost
Opportunity cost
All of the consumer surplus
All of the producer surplus
Some part of the consumer surplus
None of them
Perfectly competitive international market
Perfectly competitive national market
Imperfect international market
Imperfect local market
Distribution
Exchange
Market structure
Consumer behaviour
Different
Same
Zero
None of the above
Slopes downwards to the right
Slopes upward to the right
Is vertical to the x-axis
Is horizontal to the x-axis
Indifferent
Different
In equilibrium
Dominant
MP is negative
MP is infinite
MP is zero
None of the above
Perfect elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unit elastic
Relatively inelastic (less than one elasticity)
Substitution Effect
Income Effect
Both substitution and income effect
None of them
Under perfect competition
Under monopoly
Under imperfect competition
Under all the above market forms
Shifts rightward
Shifts leftward
Does not shift
None of the above
Individual demand curve (IDC) is equal to proportional demand curve (PDC)
Individual demand curve (IDC) is greater than proportional demand curve (PDC)
Individual demand curve (IDC) is less than proportional demand curve (PDC)
None of the above
Get steeper
Shift parallel to right
To get flatter
To shift upward
Many buyers and many sellers
One seller, many buyers
One buyer, many sellers
Few sellers, many buyers
Relative demand curve
Proportional demand curve
Productive demand curve
Differential demand curve
Increases
Decreases
Remains the same
Is zero
Declining productivity
Increasing consumption
Limited material wants
Limited resources and unlimited wants
Price is a dependent variable and quantity is an independent variable
Price is an independent variable and quantity is a dependent variable
Price and quantity both are independent variables
Price and quantity both are dependent variables
Parallel to each other
Dependent upon each other
Independent of each other
Zero
K.N.Raj
Amartiya Sen
A.C.Pigou
Alfred Marshal
Multiplying the number of unit by its marginal utility
Adding up the marginal utility of all units
Multiplying price by number of units
None of the above
Increasing sales and maximizing profits
Reducing sales and raising prices
Minimizing cost and maximizing revenue
Serving the markets without earning profits
Monopoly
Perfect competition
Duopoly
Monopolistic competition
Total production
Fixed production
Variable production
None of the above
dR/dQ + dC/dQ = 0
dR/dQ - dC/dQ = 0
dC/dQ - dR/dQ = 0
dR/dQ > dC/dQ > 0
Excess capacity
Reserve capacity
Limited capacity
None of the above
In nominal income
In money income
In wages
In real income because of the fall of price of a commodity
V-shaped traditional cost curves
S-shaped traditional cost curves
Modern cost curves
U-shaped traditional cost curves