AP curves
MP curves
Both of them
None of them
C. Both of them
Normal profits
Implicit costs
Variable costs
Opportunity costs
P.E = S.E + I.E
S.E = P.E +I.E
I.E = P.E +S.E
S.E = P.E +2I.E
Income Consumption Curve (ICC)
Engels Curve
Price Consumption Curve (PCC)
Production Possibility Curve (PPC)
Isoquant line
Isocost line
Indifference curve
Price line
Extra price benefits
Shortage of quantity
Surplus of quantity
Difference between actual price and potential price
J.P.Lewis
R.G.D.Allen
Paul A.Samuelson
E.D.Domar
Consuming goods and services
Transforming inputs into outputs
Wasting goods and services
Buying goods and services
Also decrease it
Increase it
Remain uneffected
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
Constant rate
Decreasing rate
Increasing rate
None of the above
Price falls
Price increases
Price is unchanged
Taste changed
Appear
Diminish
Prominent
Increase
Political economy
Household Management
Production and consumption
Financial Accounting
Government
Consumer
Producer
Stock holder
Both parties make better-off
Both parties make worse-off
Both parties become Neutral
One party can become better off only if another is made worse off
V-shaped selling cost
U-shaped selling cost
V-shaped purchasing material
U-shaped purchasing material
Circle
Rectangle
Parabola
None of the above
Oligopoly
Perfect competition
Imperfect competition
None of the above
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
Price is a dependent variable and quantity is an independent variable
Price is an independent variable and quantity is a dependent variable
Price and quantity both are independent variables
Price and quantity both are dependent variables
Labor theory of value
Individual theory of value
Producer theory of value
Consumer theory of value
A given quantity of output that can be produced by various combinations of two inputs
Varying quantities of output that can be produced by the same combination of two factors
Combination of two factors that can give the least cost of production
Combination of two goods that cost the same amount to the producer
Maximum optimal scale
Average optimal scale
Minimum optimal scale
None of the above
Opportunity cost
Direct cost
Rent cost
Wage cost
Consumers
Employees
People
Labor
Income-expenditure relationship
Income-cost relationship
Income-price relationship
Income-quantity relationship
Equal MU from both commodities X and Y
More MU from commodity X than from commodity Y
More MU from commodity Y than from commodity X
Equal marginal utility from the last rupee spent on commodity X and commodity Y
Short period of time
Long period of time
Timeless production relationship
All of the above
A commodity without substitutes
A commodity with substitutes
A commodity on which a small fraction of income is spent
A commodity the use of which cannot be postponed
Perfectly elastic
Elastic
Unitary elastic
Inelastic