Gaming
Strategic decisions
Both a and b
None of the above
C. Both a and b
Negatively sloped
Vertical
Horizontal
Positively sloped
Total expenditures increases
Total expenditures decreases
Total expenditures are zero
Total expenditures remain same
also maximize its profits
not maximize its profits
maximize its costs
none of the above
Perfectly competitive international market
Perfectly competitive national market
Imperfect international market
Imperfect national market
Ranked
Consumed
Expressed in numbers
Cannot be expressed in numbers
Firm to the left
Industry to the right
Firm to the right
Industry to the left
Change in the tastes of consumers at different prices
The rate of response of demand to a change in supply
The change in costs when output is increased by one unit
The responsiveness of demand to a change in price
Concave to the origin
Convex to the origin
Positively sloped
Negatively sloped
Restrict output to increase price
Produce where MC > P
Create a gap b/w quantity demanded and supplied
None of the above
Freedom and Reform
The Green Revolution
Economic Integration
Risk ,Uncertainty and Profit
Proportional demand curve (PDC) and individual demand curve (IDC) intersect each other
Proportional demand curve (PDC) and individual demand curve (IDC) are parallel to each other
Proportional demand curve (PDC) and individual demand curve (IDC) repel each other
None of the above
Two points on demand curve
Two points on supply curve
Many points on demand curve
Many points on demand curve
Warehouses
Buildings
Dams
Share of stock
Payments for raw materials
Labor cost
Transportation charges
Insurance premium on property
Output cost
Output ratio
Input prices
Input ratio
Ban on exit
Ban on entry
Free entry
Free entry and exit
Less than one
Equal to one
More than one
Equal to infinity
TR equals TC
The TR curve and the TC curve intersect such that TR and TC lie at the same point
The TR curve and the TC curve are parallel and TC exceeds TR
The TR curve and the TC curve are parallel and TR exceeds TC
Substitution Effect
Income Effect
Both substitution and income effect
None of them
E =1
E >1
E <1
E =0
Price winner
Price searcher
Price taker
Price leaver
Half utility
Full utility
Additional utility
Multiplied utility
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
Cost of raw materials
Cost of equipment
Interest payment on past borrowing
Payment of rent on buildings
It gets more expensive
A household consumes more of it
Preference changes
A households income goes up
Consumers prefer to have less satisfaction than more of both commodities
As more and more of one commodity is obtained, less and less of the other must be given up to keep satisfaction constant
The total satisfaction obtained along an indifference curve decreases at an increasing rate
None of the above
Better off
Worse off
In equilibrium
Neither better off nor Worse off
An optimum firm
A representative firm
An oxford firm
A marginal firm
Perfectly competitive international market
Perfectly competitive national market
Imperfect international market
Imperfect local market
A subjective concept
An ethical concept
An objective concept
A historical concept