Enforce contracts
Make contracts
Make negotiations
Do not make negotiations
D. Do not make negotiations
Only two commodities
Only three commodities
More than three commodities
Any number of commodities
Two goods
A few goods
One good
Many goods
Uniform
Different
Dependent
Independent
Quantities of commodity X which a consumer could buy with no amount of Y
Quantities of commodity Y which a consumer could buy with no amount of X
The different combinations of X and Y that the consumer could buy
All of the above
Maximize output
Minimize output
Minimize cost
Maximize profit
N.Kaldor
J.R.Hicks
A.C.Pigou
J.M.Keynes
U
V
P
S(inverted)
Simple model
Dynamic model
Both of them
None of them
Increased
Equalized
Prominent
Zero
The price of substitute does not change
The taste of the consumer does not change
The income of the consumer does not change
All of the above
Stagnant
Mobile
Immobile
Rare
Perfect competition price is charged
Monopoly price is charged
Monopoly price is not charged
None of the above
Input factor
Heavy factor
Output factor
Load factor
stable cartel
unstable cartel
prominent cartel
special cartel
Producers
Sellers
Buyers
Sellers and buyers
Zero
Its total fixed cost
Its total variable cost
Equal to one
Percentage change in quantity demanded of a commodity divided by percentage change in price of that commodity
Change in quantity demanded of a commodity divided by change in price of that commodity
Percentage change in price of a commodity divided by percentage change in quantity demanded of that commodity
None of that commodity
Excess demand
Qd > Qs
Shortage of supply
All of the above
It gets more expensive
A household consumes more of it
Preference changes
A households income goes up
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
MP = AP
MP < AP
MP > AP =0
MP > AP
J.M.Keynes
E.D.Domar
Adam Smith
Gustav Cassel
Equating price and marginal revenue
Equating price and average total cost
Increasing marginal cost and lowering fixed costs
Equating marginal cost and marginal revenue
Open agreements
Secret agreements
Both a and b
None of the above
Increasing returns to scale
Decreasing returns to scale
Constant returns to scale
Variable returns to scale
Labor theory of value
Individual theory of value
Producer theory of value
Consumer theory of value
By a same single curve
By three different curves
By downward sloping curve
None of the above
Increase at decreasing rate
Increase at constant rate
Decrease at increasing rate
Increase at increasing rate
Equal MU from both commodities X and Y
More MU from commodity X than from commodity Y
More MU from commodity Y than from commodity X
Equal marginal utility from the last rupee spent on commodity X and commodity Y
P.E = S.E + I.E
S.E = P.E +I.E
I.E = P.E +S.E
S.E = P.E +2I.E