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Which of the following is the work of A.C.Pigou?

A. Economics of Welfare

B. Commerce and Trade

C. Industrial Economics

D. None of the above

Correct Answer : A.


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  1. The goods sold by firms under monopolistic competition are technological as well as:
  2. In monopolistic competition, the cost curves of all firms are:
  3. Under monopolistic competition, the products sold by the firms are:
  4. According to M.Kalecki, the true measure of the degree of monopoly power is the:
  5. Money spent by a firm on the purchase of capital equipment is:
  6. In case of budget line, we get pairs of two goods where consumers income is:
  7. In a perfectly competitive market, suppliers must know:
  8. By scarcity the economist means that all goods are scarce relative the peoples:
  9. The factors of production in perfect competition are:
  10. An increase in the supply of a commodity is caused by:
  11. For a few products such as insulin for diabetics,:
  12. Government planners play a central role in allocating resources:
  13. By reducing the prices of its products below those of its competitors, a perfectly competitive seller:
  14. When total product falls:
  15. In discriminating monopoly (price discrimination), the elasticity of demand of product in two markets…
  16. If in the long run all factor inputs are increased three times and the resulting output is four times…
  17. The main contribution of Malthus is in the field of:
  18. Who finalized the model of imperfect competition?
  19. In the short-run, in which one of the following situations would a competitive seller close down (shut-down)?
  20. Moving along an indifference curve leaves the consumer:
  21. In a competitive market, price is determined primarily by:
  22. Microeconomics is also known as:
  23. In joint-profit maximization cartel, the distribution of profit is:
  24. The advertisement and other selling activities:
  25. Average cost means:
  26. If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then…
  27. Demand for a commodity is elastic when it has
  28. According to Marshallian approach, utility:
  29. The Law of Diminishing Marginal Returns can be explained in terms of:
  30. According to Diamond Water Paradox diamonds are more expensive than water because: