Pricing of two factors
Productivity of the two factors
Degree of substitutability of two factors
None of the above
A. Pricing of two factors
How commoditys consumption rate differs at various levels of price
How commoditys consumption rate differs at various levels of satisfaction
How commoditys consumption rate differs at various levels of income
How commoditys consumption rate differs at various levels of taxes
An externality is a cost or benefit which is not transmitted through prices
An externality is a cost or benefit which is transmitted through prices
An externality is a production received through external resources
None of the above
1756
1777
1776
1801
Concave isoquant
Convex isoquant
Constant isoquant
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
Cannot be changed
Can be changed
Can partially be changed
None of the above
Price theory
Demand theory
Supply theory
Income theory
The minimum points on all short-run AC curves
The lowest points on the short-run MC curve
The minimum points on the short run AVC curves
It has nothing to do with the short-run cost curves
Increases
Decreases
Remains the same
Is zero
Economics of state
Wealth of Nations
Value and price
Theory of demand
Consumer surplus
Zero
Two rupees
Excess demand
The law of diminishing marginal utility
The law of demand
The Law of Diminishing Returns
The law of supply
TU curve
MU curve
Supply curve
None of the above
Iso-utility curve
Production possibility line
Isoquant
Consumption possibility line
We do not need to attach util values to consumption
Consumers can attain higher utility
It takes into account how much income the household has
We can determine how much of one good the consumer is willing to sacrifice in order to consume one more unit of another
Sunspot Theory
Monetary Theory
Saving-Investment Theory
Innovation Theory
Advertising
His low LAC
Blocked entry
High price he charges
Negative
Positive
Near infinite
Zero
Pure competition
Pure monopoly
Oligopoly
Monopolistic competition
The same level of price
The same level of satisfaction
The higher level of satisfaction
The lower level of satisfaction
How much to produce
How to produce
How to distribute
All of the above
Theory of price
Theory of value
Theory of labor
Theory of cost
Production cost
Collection cost
Raw material costs
Distribution costs
Variety of uses for that commodity
Its low price
Close substitutes for that commodity
High proportion of the consumers income spent on it
Consuming goods and services
Transforming inputs into outputs
Wasting goods and services
Buying goods and services
Economic substitutes
Technical substitutes
Both a and b
None of the above
Falling when average cost is falling
Rising when average cost is falling
Falling when average cost is rising
Rising when average cost is rising
Price of the commodity
Conditions of supply
Taste of the consumer
Demand for the commodity
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
Weak orderings
Neutral orderings
Partial orderings
Strong orderings