Resource( factors of production) used in production became more costly
The technology of production improves
Consumers income increased
Some sellers left the market
Slutsky approach
Hicksian approach
Marshallian approach
None of the above
Falling when average cost is falling
Rising when average cost is falling
Falling when average cost is rising
Rising when average cost is rising
Adding up the prices consumers are wiling to pay at each quantity demanded
Multiply each consumers demand curve by the total number of consumers in the market
Adding the quantities denmanded by all consumers at each alternative price
None of the above
Marginal cost is zero
Total cost is zero
External costs are zero
Average costs are zero
Cost of raw materials
Cost of equipment
Interest payment on past borrowing
Payment of rent on buildings
MC>MR
MC=AP
MC=MR
The rising portion of its MR over and above the break-even (shut-down) point
The rising portion of its MC over and above the break-even (shut-down) point
The rising portion of its MC over and above the AC curve
The rising portion of its MC curve
Distribution
Exchange
Market structure
Consumer behaviour
Declines continuously
Remains constant
Rises continuously
Declines and then rises
Labour
Capital
Both of them
None of them
Equal
Different
Zero
Infinity
ATC
AVC
AFC
None of the above
Less than marginal revenue
Equal to marginal revenue
More than marginal revenue
None of the above
Lessen the differentiation
Widen the differentiation
Does not effect the differentiation
All 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
Monopoly
Perfect competition
Duopoly
Monopolistic competition
A straight line curve
A downward sloping demand curve
A rectangular hyperbola demand curve
None of the above
Output is maximum
Profit is maximum
Revenues are maximum
Profit is minimum
Under perfect competition
Under monopoly
Under imperfect competition
Under all the above market forms
Alfred Marshal
J.M.Keynes
Paul A.Samuelson
A.C.Pigou
Free goods
Economic goods
Luxury goods
None of the above
Negative
Inverse
Positive
Both (a) and(b)
Perfectly elastic
Relatively elastic
Unitary elastic
Relatively inelastic
Increases
Decreases
Remains the same
Is zero
An optimum firm
A representative firm
An oxford firm
A marginal firm
Become equal
Decrease
Become constant
Increase
J.M.Keynes
E.D.Domar
Adam Smith
Gustav Cassel
Concave to the origin
Convex to the origin
Positively sloped
Negatively sloped
Greater than one
Less than one
Zero
Equal to one