More than AC curve
Less than AC curve
Equal to AC curve
None of the above
A. More than AC curve
Both price and output
Either price or output
Neither price nor output
None of the above
Rising cost
Falling cost
Rising input
Falling input
Can sell more
Reduces its revenues
Can sell nothing
Increases its revenues
Explicit cost
Implicit cost
Variable cost
Fixed cost
Excess demand
Qd > Qs
Shortage of supply
All of the above
a = ½
� = ½
Both of them
None of them
Extra price benefits
Shortage of quantity
Surplus of quantity
Difference between actual price and potential price
Determination of the rate of interest
Determination of the market price
Determination of the wage rate
Determination of production of firm
K.N.Raj
Amartiya Sen
A.C.Pigou
Alfred Marshal
The demand for soybeans should increase
The supply of soybeans should increase
The demand for soybeans should decrease
The supply of soybeans should decrease
Wicksell
Robert San
Ruskin
J.B.Say
All factors can be used in different proportions
Management can be re-organized
A firm can experience returns to scale
All of the above
Negative
Positive
Zero
Infinity
identical
differential
very high
very low
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
The law of diminishing marginal utility
The law of demand
The Law of Diminishing Returns
The law of supply
Price of the commodity
Price of the substitutes
His household income
Size of countrys population
It gets more expensive
A household consumes more of it
Preference changes
A households income goes up
Negatively sloped
Positively sloped
Parallel to X-axis
None of the above
Price falls
Price increases
Price is unchanged
Taste changed
Vertical
Horizontal
Controlled by the largest producers
Unaffected by inflation
All factors are variable
There is a fixed factor and variable factor
All factors are non-variable
None of the above
In the immediate run
In the short run
When the supply is perfectly elastic
When producers have sufficient time to fully adjust to the demand change
Ricardo
Marshal
Chamberlin
Mrs. Robinson
Input factor
Heavy factor
Output factor
Load factor
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
Horizontal
Vertical
Positively sloped
Negatively sloped
Deviates from his strategy
Does not deviate from his strategy
Does not think in a good way
None of the above
Separately in different cells
Collectively in different cells
Collectively in same cell
Separately in same cell