MC = AC and P=MR
MC=MR and P =AR= ATC
D. MC=MR and P =AR= ATC
Profits
Costs
Inputs
Price
Price
Entry
Both a and b
None of the above
Rise by the amount of the tax
Rise by more than the amount of the tax
Rise by less than the amount of the tax
Remain the same
Consumers
Employees
People
Labor
The last unit of a good
All the units of a good
The first unit of a good
The average unit of a good
Rising cost
Falling cost
Rising input
Falling input
Lowest isoquant
Lowest isocost line
Highest isoquant
Highest isocost line
Proportionate change in demand Proportionate change in price
Proportional change in the purchase of Y Proportional change in the price of X
Proportionate change in demand Proportionate change in income
Proportionate change in demand Proportionate change in price
Repeated games
Cooperative games
Non-cooperative games
Constant games
Similar optimal combinations
Different optimal combinations
Both of them
None of them
E =1
E >1
E <1
E =0
A less than proportionate change in quantity demanded
A more than proportionate change in quantity demanded
The same proportionate change in quantity demanded
No change in quantity demanded
Planned products curve
Planned material curve
Planned costs curve
Planned sales curve
Utility derived from the last unit of production
Utility derived from the last unit of a commodity which is being consumed
Total utility- Average utility
None of the above
S.Kuznets
H.Liebenstein
A.O.Hirshman
Alfred Marshal
Non-cooperative outcome
Cooperative outcome
Dominant behavior
Recessive behavior
Downward sloping
Upward sloping
Horizontal straight line
Vertical straight line
Income Consumption Curve (ICC)
Engels Curve
Price Consumption Curve (PCC)
Production Possibility Curve (PPC)
Percentage change in quantity demanded of a commodity divided by percentage change in price of that commodity
Change in quantity demanded of a commodity divided by change in price of that commodity
Percentage change in price of a commodity divided by percentage change in quantity demanded of that commodity
None of that commodity
Concave isoquant
Convex isoquant
Constant isoquant
None of the above
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
Less than one
Equal to one
More than one
Equal to infinite
Resources of the economy
Interests of the economy
Limitations of the economy
Qualities of the economy
Chamberline
Sraffa
Carl marx
Robinson
Marginal cost
Production cost
Labor cost
Supply cost
Maximizes the minimum gain that can be earned
Maximizes the gain of one player, but minimizes the gain of the opponent
Minimizes the maximum gain that can be earned
None of the above
The consumers real income has increased
The consumers real income has decreased
The product is now relatively less expensive than before
Other products are now less expensive than before
2/3 of capacity of its plants
3/4 of capacity of its plants
1/3 of capacity of its plants
1/2 of capacity of its plants
TR function
AR function
MR function
AP function
Individual demand curve (IDC) is equal to proportional demand curve (PDC)
Individual demand curve (IDC) is greater than proportional demand curve (PDC)
Individual demand curve (IDC) is less than proportional demand curve (PDC)
None of the above