face costs
face taxes
donot face taxes
donot face costs
D. donot face costs
Total revenue and total cost technique
Marginal revenue and marginal cost technique
Demand and supply technique
None of the above
Equal to the slope of budget line
Greater than the slope of budget line
Smaller than the slope of budget line
Parallel to the slope of budget line
One output
One input
Two outputs
Two inputs
The price of the commodity
The time period
The price of substitutes
Any of the above
Pure competition
Pure monopoly
Oligopoly
Monopolistic competition
More elastic
Less elastic
Unit elastic
Perfectly inelastic
Hydraulic function
Cubic function
Pentagonic function
Quadratic function
Input
Output
Both of them
None of them
Product markets
Factor markets
Supply and demand
a, b and c
Perfect competition
Imperfect competition
Price discrimination
Duopoly and oligopoly
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
MR=ATC
P=ATC
P=MC
P=AC
P = AC
P = MC
AC = MC
MC = TR
SACs
LACs
SMCs
LMCs
All factors can be used in different proportions
Management can be re-organized
A firm can experience returns to scale
All of the above
The average fixed cost is covered
The average variable cost is covered
Some profit is earned
The entrepreneurs enjoy producing
Short period of time
Long period of time
Timeless production relationship
All of the above
The price at which the marginal unit sells
Total revenue sale of all units divided by volume of sales
Average revenue of total output average revenue of last unit
The change in total revenue resulting from the sale of one unit more of output
Wages of the labor
Charges of electricity
Interest on owned money capital
Payment for raw materials
Downward to the left
Downward to the right
Upward to the right
Upward to the left
Least cost factor combination
Optimum factor combination
Both a and b
None of them
Straight line
Convex to origin
Concave to origin
Lshaped
Derived demand
Joint demand
Demand creation
Compressed demand
It must be profitable to him to sell output in more than one market
Marginal revenue in both markets must be the same
Marginal revenue in both markets must also be equal to the marginal cost of producing the monopolists aggregate output
All the above
Developed economy
Laissez-fair economy
Mixed economy
Capitalistic economy
Decreases
Increases
Become very high
Remain unchanged
Percentage change in the quantity of a commodity demanded divided by the percentage change in the price of that commodity
Percentage change in the quantity of commodity X divided by percentage change in the price of commodity Y
Percentage change in the quantity demanded of commodity X
Percentage change in the quantity demanded of commodity X divided by percentage change in the quantity demanded of commodity Y
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
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
The substitution effect is more certain
The income effect is more certain
The substitution effect is uncertain
The income effect is always positive