Bertrand model
Chamberlin model
Kinked demand model (Sweezy Model)
All of the above
D. All of the above
U = x1 x2
U = x1 + x2
U = y1 +x1
U = x1.x2
Sloping downward
Sloping upward
Positively sloped
Negatively sloped
Utility demand function
Compensated demand function
Collective demand function
Relative demand function
Economic complements
Economic substitutes
Economic inferiors
None of the above
Percentage change in demand Original demand
Proportionate change in demand Proportionate change in price
Change in demand Change in price
None of the above
Marginal cost is zero
Total cost is zero
External costs are zero
Average costs are zero
Indifference curves shift down
Budget line shifts down
Indifference curve shift up
Budget line pivots
Ricardo
Marshal
Chamberlin
Mrs. Robinson
Save as much of his income as possible
Spend as much of his income as possible
Buy everything at the lowest possible price
Make wise choices among available economic goods
Technological progress that causes to raise the marginal product of capital and labor in the same proportion
Technological progress that causes the marginal product of capital to increase relative to the marginal product of labor
Technological progress that causes the marginal product of labor to increase relative to the marginal product of capital
None of the above
SACs
LACs
SMCs
LMCs
Perfect elasticity (infinitely elastic)
Relative elasticity (greater than one elasticity)
Perfect inelasticity (zero elasticity)
Relative inelasticity (less than one elasticity)
Desire for them
Purchases
Production
Consumption
ATC
AVC
AFC
None of the above
Greater than one
Less than one
Zero
Equal to one
Zero
Its total fixed cost
Its total variable cost
Equal to one
LAC = LMC
SAC = LMC
SAC =MC
SAC =LAC
The curve representing the cost per unit of output
The demand curve of consumers for the firms product
Total receipts realized by the firm
All of the above
An upward pressure on price
A downward pressure on price
Price will remain unaffected
All of the above
The elastic part of a demand curve
The inelastic part of a demand curve
The constant elastic part of the demand curve
None of the above
Monopoly
Perfect competition
Monopolistic competition
Oligopoly
monopolistic firms
monopoly
competitive firms
none of the above
Less than one
Equal to one
Greater than one
Less than one
Horizontal demand curve
Vertical demand curve
Similar demand curve
Differential demand curve
More quantity demanded at a lower price
More quantity demanded at a higher price
More quantity demanded at the same price
None of the above
Do not effect equilibrium
Affect equilibrium
Both a and b
None of the above
stable cartel
unstable cartel
prominent cartel
special cartel
All consumers are alike
Incomes of all consumers is the same
Tastes of all consumers are the same
Consumers differ in taste, incomes and other matters
Equal level of output
Unequal level of outputs
Equal level of inputs
Unequal level of inputs
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None of the above