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
B. Supply curve is more than demand curve
Infinite
Zero
Equal to one
None of the above
Contraction of demand
Decrease in demand
Increase in demand
Extension of demand
Gaming
Strategic decisions
Both a and b
None of the above
Ricardo
Marshal
Neomann and Morgenstern
Karl Marx
Concave isoquant
Convex isoquant
Constant isoquant
None of the above
fixation of price
Arc elasticity of demand
Cross elasticity of demand
Wage theory
It gets more expensive
A household consumes more of it
Preference changes
A households income goes up
Cost maximization
Product maximization
Revenue maximization
None of the above
Uniform
Different
Dependent
Independent
The operation of increasing cost
The existence of fixed cost
The existence of variable cost
All of the above
Price
Quantity
Supply
Demand
Isoprofit curve
Super profit curve
Normal profit curve
Indoprofit curve
The cost of producing any given output
The various combinations of input that could be employed in production of any given quantity of output
The various combinations of input that should be used in producing any given quantity of output in an efficient manner
The maximum profit level of output
Cost of raw materials
Cost of equipment
Interest payment on past borrowing
Payment of rent on buildings
Equal to unity
Less than unity
More than unity
Zero
The substitution effect is more certain
The income effect is more certain
The substitution effect is uncertain
The income effect is always positive
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
Infinitely elastic demand
Infinitely inelastic demand
Relatively elastic demand
Relatively inelastic demand
Political economy
Household Management
Production and consumption
Financial Accounting
Price takers
Price setters
Price discriminators
None of the above
Supreme powers
Discretionary powers
Low powers
None of the above
Distribution
Exchange
Market structure
Consumer behaviour
Starts incurring losses
Uses more and more of one input while holding all other inputs constant
Does not utilize its inputs efficiently
Cuts down on the quantity of all inputs it uses
A rising supply curve
A rising demand curve
A falling supply curve
A falling demand curve
Declines continuously
Remains constant
Rises continuously
Declines and then rises
% change in quantity demanded % change in income
% change in income % change in quantity demanded
Change in income Change in quantity demanded
None of the above
MC = MR
MC cuts the MR from below
MC rises when it cuts the MR
All the above three conditions are fulfilled
Long-run average cost (LAC) curves
Short-run average cost (SAC) curves
Average variable cost (AVC) curves
Average total cost (ATC) curves
Shifts rightward
Shifts leftward
Does not shift
None of the above
Resources of the economy
Interests of the economy
Limitations of the economy
Qualities of the economy