Costs per unit of output are lowest
Total profits are highest
Marginal cost is lowest
Profit per unit of output is zero
A. Costs per unit of output are lowest
Change in consumers income
Change in consumers tastes
Change in price
None of the above
Equal to one
Greater than one
Smaller than one
Zero
Downward sloping
Upward sloping
Horizontal straight line
Vertical straight line
Negatively sloped
Positively sloped
Parallel to X-axis
None of the above
A subjective concept
An ethical concept
An objective concept
A historical concept
A downward sloping straight line
A downward sloping curve
An upward rising curve
Right angled iso-quants
Wages of the labor
Charges of electricity
Interest on owned money capital
Payment for raw materials
Weak orderings
Neutral orderings
Partial orderings
Strong orderings
banned
allowed
partially allowed
none of the above
Competitive firm
Oligopolistic firm
Monopolist firm
None of the above
Perfectly competitive international market
Perfectly competitive national market
Imperfect international market
Imperfect national market
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
Has to touch the long run cost curve
Has to cross the long run cost curve
Has to lie above all points on the long run cost curve
Coincides with the long run cost curve at some point
Wages of labor
Factor pricing
Theory of rent
Determination of the rate of interest
Not change
Also change
Increase
Decrease
Diminishes with increased consumption
Reflects the overall level of satisfaction of the consumer
Is directly related to the price the consumer is willing to pay for a good or service
Is independent of price changes
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
Parallel to each other
Dependent upon each other
Independent of each other
Zero
Increases
Decreases
Remains constant
Becomes zero
Cost of raw materials
Cost of equipment
Interest payment on past borrowing
Payment of rent on buildings
Government
Consumer
Producer
Stock holder
Lowering the price, if the demand curve is elastic
Lowering the price, if the demand curve is inelastic
Rising the price, if the demand curve is elastic
None of the above is applicable
Abnormal profit
Zero profit
Normal profit
Negative profit
A stock concept
A flow concept
Both stock and flow
None of the above
What to produce
How to produce
How to maximize private profit
For whom to produce
Also decrease it
Increase it
Remain uneffected
None of the above
SACs
LACs
SMCs
LMCs
Research in mathematical economics
Economics of labor
Theory of production
Theory of demand
Directly related
Unrelated
Closely related
Negatively related
Rising cost
Falling cost
Rising input
Falling input