Implicit costs
Explicit costs
Fixed costs
Variable costs
A. Implicit costs
Increasing marginal utility
Decreasing marginal utility
Zero marginal utility
Negative marginal utility
Diminishes with increased consumption
Reflects the overall level of satisfaction of the consumer
Is directly related to the price the consumer is willing to pay for a good or service
Is independent of price changes
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
Increase at decreasing rate
Increase at constant rate
Decrease at increasing rate
Increase at increasing rate
Cup-shaped
Oval-shaped
Saucer-shaped
Glass-shaped
More purchase
Less purchase
Same purchase
None of the above
Physical science
Social science
Natural science
Basic science
Increase at a constant rate
Decrease at a constant rate
Increase at a variable rate
Decrease at a variable rate
Free good
Economic good
Both of the above
None of the above
Constant rate
Decreasing rate
Increasing rate
None of the above
Normal profits
Abnormal profits
Differential profits
No profits
Economic profit
Rent
Accounting profit
Normal profit
Output
Input
Demand
Price
Transportation costs
The interplay of demand and supply
Costs of production
The marginal product of labour
The price of the commodity
The time period
The price of substitutes
Any of the above
Better off
Worse off
In equilibrium
Neither better off nor Worse off
Paul A.Samuelson
J.M.Keynes
Joan Robinson
Dr.mehboob ul Haq
Highly elastic
Perfectly inelastic
Fairly elastic
Moderately elastic
higher prices
zero prices
lower prices
specific prices
What you do
What you are doing
What you not do
None of them
Differentiated goods
Homogeneous goods
Advertised goods
Distress sale of goods
Downward sloping
Upward sloping
Horizontal straight line
Vertical straight line
Producers
Sellers
Buyers
Sellers and buyers
Chamberline
Sraffa
Carl marx
Robinson
Price winner
Price searcher
Price taker
Price leaver
The demand curve can be upward sloping
The price elasticity of demand could be zero
The price elasticity of demand could be greater than one
None of the above
Ability to get a commodity
Willingness to get a commodity
Willingness and ability to get a commodity
Desire for a commodity
Where marginal cost is minimum
Where average cost is minimum
Where both the marginal and the average cost curves are at their respective minimum
Where the firm earns the maximum profits
Gaming
Strategic decisions
Both a and b
None of the above
There is perfect information about prices
All participants in the market are small relative to the size of the overall market
There are many buyers and sellers
Buyers and sellers do not know each other