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
A. Proportional demand curve (PDC) and individual demand curve (IDC) intersect each other
Constant average cost
Diminishing cost per unit of output
Optimum use of capital and factor
External economies
>
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
Get steeper
Shift parallel to right
To get flatter
To shift upward
Auction market
Contract markets
Market for commercial office space
Natural gas market
The average fixed cost is covered
The average variable cost is covered
Some profit is earned
The entrepreneurs enjoy producing
Increase in demand for Y
Decrease in demand for Y
Increase in demand for both X and Y
Increase in demand for Y
Price of the commodity
Conditions of supply
Taste of the consumer
Demand for the commodity
David Ricardo
Adam Smith
James Mill
A.C.Pigou
Zero
Identical with the MR
A horizontal straight line
Infinite
Labour
Capital
Both of them
None of them
Total utility to fall and marginal utility to increase
Total utility and marginal utility both to increase
Total utility to fall and marginal utility to become negative
Total utility to become negative and marginal utility to fall
Zero
Infinity
Unity
More than unity
The consumers real income has increased
The consumers real income has decreased
The product is now relatively less expensive than before
Other products are now less expensive than before
Output is maximum
Profit is maximum
Revenues are maximum
Profit is minimum
Where the gap between the two is the smallest
Where the gap between the two is the greatest
Where the two become equal
None of the above
Proportionate change in demand Proportionate change in price
Proportional change in the purchase of Y Proportional change in the price of X
Proportionate change in demand Proportionate change in income
Proportionate change in demand Proportionate change in price
A few
Four
Two
Very large
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
What you do
What you are doing
What you not do
None of them
Similar choices
Unlimited choices
Differential choices
Few choices
Price takers
Price setters
Price discriminators
None of the above
MR>AR
MR=AR
AR=0
Positive
Unitary
Negative
Infinite
W.W. Leontief
E.D.Domar
R.G.D.Allen
J.M.Keynes
Vertical
Horizontal
Controlled by the largest producers
Unaffected by inflation
Half utility
Full utility
Additional utility
Multiplied utility
The real income of consumer falls
The real income of consumer rises
The real income of a consumer remains constant
The real income of consumer becomes zero
Negative
Zero
Positive
Infinite
Isoprofit curve
Super profit curve
Normal profit curve
Indoprofit curve