degree one
degree zero
degree less than one
degree greater than one
B. degree zero
Total production
Fixed production
Variable production
None of the above
Oligopoly
Pure competition
Perfect competition
Monopolistic competition
TC = TR and MC = MR
Firms operate at a minimum average total cost
There is no incentive for entry or exit of firms
All these conditions exist
Decreasing return to scale
Increasing return to scale
Constant return to scale
None of the above
Prices of products are assumed to be fixed
The consumer need not to spend all his income
Consumer income is assumed to be fixed
The slope represents relative prices
Economics of Welfare
Commerce and Trade
Industrial Economics
None of the above
Long-run average cost (LAC) curves
Short-run average cost (SAC) curves
Average variable cost (AVC) curves
Average total cost (ATC) curves
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
Positive
Negative
Neutral
Infinite
Perfect elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unit elastic
Relatively inelastic (less than one elasticity)
Profits
Costs
Inputs
Price
Alfred Marshal
J.M.Keynes
Paul A.Samuelson
A.C.Pigou
Recessive strategy
Dormant strategy
Dominant strategy
Hidden strategy
S.Chakravarty
J.S.Mill
A.C.Pigou
F.W.Taussig
Negative
One
Positive
Zero
Percentage change in demand Original demand
Proportionate change in demand Proportionate change in price
Change in demand Change in price
None of the above
Total stock of a commodity in the market
Total production of a commodity during the year
Total production plus total stock of a commodity
Amount of commodity offered for sale at some price at a particular place and time
Stable cobweb model
Perpetual oscillation
Both(a) and(b)
None of them
When elasticities of demand in different markets are the same at the ruling price
When elasticities of demand are different in different markets at the ruling price
When elasticities cannot be known
When elasticities of demands are zero in different markets at the rulling price
Bandwagon effects
Snob effects
Veblen effects
Steven effects
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
stable cartel
unstable cartel
prominent cartel
special cartel
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
Free goods
Economic goods
Luxury goods
None of the above
Price of the commodity
Price of the substitutes
His household income
Size of countrys population
We do not need to attach util values to consumption
Consumers can attain higher utility
It takes into account how much income the household has
We can determine how much of one good the consumer is willing to sacrifice in order to consume one more unit of another
Output is effected
Equilibrium is effected
Input is effected
Reputation is effected
per income rupee
degree one
degree zero
degree less than one
degree greater than one
Equal
Different
Zero
Infinity