Equal to the prices of its products
Positively related to output
Negatively related to output
Always higher than marginal cost
A. Equal to the prices of its products
Perfectly elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unitary elastic
Relatively inelasticity (less than one elasticity)
V-shaped selling cost
U-shaped selling cost
V-shaped purchasing material
U-shaped purchasing material
Quantity exchanged would fall and price would rise
Quantity exchanged and price would both fall
Quantity exchanged would rise and price might rise or fall
Quantity exchanged and price would both rise
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
Income level
Satisfaction level
Marginal rate of substitution
Demand level
The slope of the TVC curve
The slope of the TVC curve but not the slope of the TC curve
The slope of the TC curve but not by the slope of the TVC curve
Either the slope of the TVC curve or the slope of the TC curve
Downward sloping
Upward sloping
Horizontal straight line
Vertical straight line
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
Total expenditures increases
Total expenditures decreases
Total expenditures are zero
Total expenditures remain same
Economic substitutes
Technical substitutes
Both a and b
None of the above
Chamberline
Sraffa
Carl marx
Robinson
Percentage change in quantity demanded of a commodity divided by percentage change in price of that commodity
Change in quantity demanded of a commodity divided by change in price of that commodity
Percentage change in price of a commodity divided by percentage change in quantity demanded of that commodity
None of that commodity
Advertise to increase the demand for their product
Do not advertise, because most advertising is wasteful
Do not advertise because they can sell as much as they want at the current price
Who advertise will get more profits than those who do not
The AVC curve
The AFC curve
The AC curve
The MC curve
Two goods
Few goods
One good
Zero goods
Physical science
Social science
Natural science
Basic science
Long run
Short run
Average run
None of the above
Minimum of average variable cost
Minimum of marginal cost
Minimum of average fixed cost
Minimum of average cost
Every consumer
Most consumers
All consumers
Some consumers and not for others
Change in consumers income
Change in consumers tastes
Change in price
None of the above
Neo-classical economist
Classical economist
Keynesian economist
Post-Keynesian economist
Explicit cost
Implicit cost
Variable cost
Fixed cost
The different combinations of X and Y in any way the consumer wants
The different combinations of X and Y higher and lower and measuring the difference of utility between them
The different combinations of X and Y higher and lower and not measuring the difference of utility between them
None of above
Break-even point
Load point
Shut-down point
Revenue cost point
Slutsky approach
Hicksian approach
Marshallian approach
None of the above
MP is positive
MP is negative
MP is falling
MP is rising
Alfred Marshal
Adam Smith
Karl Marx
George Stigler
Ricardo
Marshal
Neomann and Morgenstern
Karl Marx
Demand becomes less elastic
Elasticity does not change
Demand has unitary elasticity
Demand becomes more elastic
Where there is no retail trade and every thing is sold on wholesale basis
Where trading of a particular commodity is controlled exclusively by one firm
Where many people sell only one commodity
A form of business organization in which only single proprietorship exists