higher prices
zero prices
lower prices
specific prices
C. lower prices
Better off
Worse off
Neither better nor worse off
None of the above
An upward pressure on price
A downward pressure on price
Price will remain unaffected
All of the above
Cost of raw materials
Cost of equipment
Interest payment on past borrowing
Payment of rent on buildings
Chamberline
Sraffa
Carl marx
Robinson
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
Each additional unit of output will be more expensive to produce
Each additional unit of output will require increasing amount of inputs
Marginal product of the variable factor of production decreases as the quantity increases
All of the above
Freedom of entry and exit
Each seller is a price taker
Perfect information about prices
Heterogeneous products
The want- satisfying power of a commodity
Usefulness of commodity
Eating of commodity
None of these
Adam Smith
Karl Marx
Ricardo
Pigou
Stable
Unstable
Negative
Neutral
Be similar
Not be similar
Equal
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
Income Consumption Curve (ICC)
Engels Curve
Price Consumption Curve (PCC)
Production Possibility Curve (PPC)
Zero elasticity
An elasticity greater than one
Unitary elasticity of supply
An elasticity less than one
Upward sloping
Downward sloping
Constant in slope
None of the above
Average revenue curve lies above the marginal revenue curve
Average revenue curve coincides with the marginal revenue curve
Average revenue curve lies below the marginal revenue curve
Average revenue curve is parallel to the marginal revenue curve
Two points on demand curve
Two points on supply curve
Many points on demand curve
Many points on demand curve
Maximum optimal scale
Average optimal scale
Minimum optimal scale
None of the above
Price
Output
Cost
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In nominal income
In money income
In wages
In real income because of the fall of price of a commodity
Equal to the prices of its products
Positively related to output
Negatively related to output
Always higher than marginal cost
Hand of God
Market self regulating system
Hands of invisible people
Regulations of government
Gaming
Strategic decisions
Both a and b
None of the above
A vertical demand curve
A horizontal demand curve
A rectangular hyperbola demand curve
A downward sloping demand curve
Improvements in its technology
Fall in the prices of other commodities
Fall in the prices of factors of production
All of the above
Zero (perfectly inelastic)
Equal to one (unitary elastic)
Infinite (perfectly elastic)
None of the above
Left to right
Right to left
Both of them
None of them
Increased
Equalized
Prominent
Zero
Price of x = Price of z Price of y Price of x
MP of x = MP of y Price of x Price of x
MP of x = MP of y = MP of z Price of x Price of y Price of z
MP of x = MP of y = MP of z
R.G.D.Alien
J.R.Hicks
A.C.Pigou
None of the above