S.Kuznets
H.Liebenstein
A.O.Hirshman
Alfred Marshal
C. A.O.Hirshman
Freedom and Reform
The Green Revolution
Economic Integration
Risk ,Uncertainty and Profit
Transportation costs
The interplay of demand and supply
Costs of production
The marginal product of labour
Possible outcomes
Possible benefits
Possible losses
None of them
Yield maximum total revenue
Minimize marginal cost
Maximize marginal cost
Equate marginal revenue with marginal cost
Increasing marginal utility
Decreasing marginal utility
Zero marginal utility
Negative marginal utility
Spill-over costs
Money costs
Alternative costs
External costs
When he cannot produce at an economic profit
When price falls short of average variable cost at every level of output
When price falls short of average fixed cost at every level of output
When price falls short of average total cost at every level of output
The price falls and the demand also falls down
The price increases but demand falls down
The price increases the demand remains constant and when the price remains constant the demand goes up
The price remains constant but demand falls
Lessen the differentiation
Widen the differentiation
Does not effect the differentiation
All of the above
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
Increased
Equalized
Prominent
Zero
Instable equilibrium
Stable equilibrium
Constant equilibrium
Fluctuating equilibrium
Classical approach
Keynesian approach
Neo-classical approach
Modern approach
monopolistic firms
monopoly
competitive firms
none of the above
Downward sloping
Upward sloping
Horizontal straight line
Vertical straight line
Downwards to the right
Upwards to the right
Backwards to the top
Inwards at the bottom
That each firm can influence the price
No single firm can influence the price
Any single firm can influence the supply condition in the market
Any single firm can influence both supply and price in the market
Upward
Vertical
Downward
Horizontal
equal to one
zero
negative
equal to 2
There is perfect information about prices
All participants in the market are small relative to the size of the overall market
There are many buyers and sellers
Buyers and sellers do not know each other
MR>AR
MR=AR
AR=0
Economic profit
Rent
Accounting profit
Normal profit
Greater than one
Less than one
Zero
Equal to one
Is equal to the substitution effect
More than offsets the substitution effect
Reinforces the substitution effect
Only partially offsets the substitution effect
W.W. Leontief
E.D.Domar
R.G.D.Allen
J.M.Keynes
Wages of labor
Factor pricing
Theory of rent
Determination of the rate of interest
Income effect(I.E)
Substitution effect(S.E)
Taste effect
Both a and b
The price of the commodity
The time period
The price of substitutes
Any of the above
Marginal cost curve
Average variable cost curve
That part of the marginal cost curve which equals or is greater than AVC
Average total cost curve