Minimum of average variable cost
Minimum of marginal cost
Minimum of average fixed cost
Minimum of average cost
D. Minimum of average cost
Concave to X-axis
Convex to X-axis
Concave to Y-axis
Convex to Y-axis
Total utility will increase by 6 units
The marginal utility per rupee is 6
The consumer will buy more because marginal utility is positive
The consumer obtained an extra54 units
Perfect elastic (infinitely elastic)
Relatively elastic (greater than one elasticity)
Unit elastic
Relatively inelastic (less than one elasticity)
Both price and output
Either price or output
Neither price nor output
None of the above
Output is maximum
Profit is maximum
Revenues are maximum
Profit is minimum
Equal to zero
Equal to one
Equal to infinite
More than one
Allocation of resources of the economy as between production of different goods and services
Determination of prices of goods and services
Behavior of industrial decision makers
All of the above
Transforming Traditional Agriculture
Productivity and Technical Change
Jobs, Poverty and the Green Revolution
Causes of Poverty
Decreasing return to scale
Increasing return to scale
Constant return to scale
None of the above
x =f(P)
x =a-bp
Yields the same outcome over and over
Can result in behavior that is different from what it would be if the game were played once
Is not possible
Makes cooperative games into noncooperative games
Total units /No. of Revenues
Total Revenue/No. of Units
Marginal Revenue × Units
Total Units/ Price
It must be profitable to him to sell output in more than one market
Marginal revenue in both markets must be the same
Marginal revenue in both markets must also be equal to the marginal cost of producing the monopolists aggregate output
All the above
Inverse
Direct
Negative
Positive
Price of commodity X in terms of Y
Price of commodity Y in term of X
Income of the consumer
All of the above
Sunspot Theory
Monetary Theory
Saving-Investment Theory
Innovation Theory
Demand curve is more than supply curve
Supply curve is more than demand curve
Supply curve is equal to demand curve
None of the above
Zero elasticity
An elasticity greater than one
Unitary elasticity of supply
An elasticity less than one
Labor is variable
Labor is fixed
Capital is variable
None of the above
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
Alfred Marshal
Adam Smith
J.B.Clark
Hicks, Longe and Durbin
Operating under diminishing cost
Making optimum use of plant capacity
Operating at excess capacity
Operating under increasing costs
Marginal utility of commodity X
Marginal utility of commodity Y
Marginal utility per rupee spent on X and Y commodities
None of the above
David Ricardo
Alfred Marshal
J.S.Mill
Karl Marx
Resources of the economy
Interests of the economy
Limitations of the economy
Qualities of the economy
Alfred Marshal
J.S.Mill
David Ricardo
A.C.Pigou
Positive Economics
Normative Economics
Micro Economics
Development Economics
Aggregates of the economy
Few units of the economy
Large units of the economy
Individual units of the economy
More purchase
Less purchase
Same purchase
None of the above