Cup-shaped
Oval-shaped
Saucer-shaped
Glass-shaped
C. Saucer-shaped
All of the consumer surplus
All of the producer surplus
Some part of the consumer surplus
None of them
The effect of a change in price of X on its demand
The effect of a change in price of X on the demand for Y
The effect of a change in price of Y on its demand
None of the above
Tea and sugar
Tea and coffee
Pen and ink
Shirt and trousers
The budget line to get steeper
The budget line to shift parallel to the right
The indifference curve to shift up
The budget line to get flatter
Monopoly
Monopolistic competition
Perfect competition
Oligopoly
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
That how many utils are obtained from consuming different bundles of commodities
Different collections of two commodities the consumer considers to be of equal value
That if price increases there will be an increases in demand
None of the above
Cost of the average units
Cost of the last units of average
Cost of the unit of production
Total cost marginal cost
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
Downwards to the right
Upwards to the right
Backwards to the top
Inwards at the bottom
Hiring the building for the factory
Purchasing heavy machines
Paying the manager of the factory
Paying the laborers
Always three times than the slope of AR
Always double than the slope of AR
Always equal to the slope of AR
None of the above
Two sellers
A few sellers
Five sellers
Many sellers
Upward shift of the demand curve
Downward shift of the demand curve
Movement on the same demand curve
None of the above
Monopoly
Oligopoly
Duopoly
None of the above
Less quantity demanded at the same price
Less quantity demanded at a higher price
Less quantity demanded at a lower price
None of the above
Declining productivity
Increasing consumption
Limited material wants
Limited resources and unlimited wants
Production
Consumption
Exchange
Formation
Increasing returns to scale
Decreasing returns to scale
Constant returns to scale
Variable returns to scale
The producer will often produce a volume that is less than the amount which would maximize the social welfare.
The producer will often produce a volume that is more than the amount which would maximize the social welfare.
The consumers will often consume a volume that is more than the amount which would maximize the social welfare.
None of the above
Save as much of his income as possible
Spend as much of his income as possible
Buy everything at the lowest possible price
Make wise choices among available economic goods
Rise
Fall
Remain the same
None of the above
Cannot make price adjustments
Can make price adjustments
Can adjust number of customers
None of the above
Real cost and money cost
Variable cost and fixed cost
Average cost and average revenue
Marginal cost and average cost
Will mainly paid by sellers of the product
By mainly paid by cigarette smokers
Be mainly paid by tobacco growers
None of the above
Enforce contracts
Make contracts
Make negotiations
Do not make negotiations
Increase at decreasing rate
Increase at constant rate
Decrease at increasing rate
Increase at increasing rate
Possible outcomes
Possible benefits
Possible losses
None of them
A.C.Pigou
Alfred Marshal
J.M.Keynes
D.H.Robertson
Diminishes with increased consumption
Reflects the overall level of satisfaction of the consumer
Is directly related to the price the consumer is willing to pay for a good or service
Is independent of price changes