R.Nurkse
R.C.Mathews
W.A.Lewis
K.N.Raj
B. R.C.Mathews
The demand for soybeans should increase
The supply of soybeans should increase
The demand for soybeans should decrease
The supply of soybeans should decrease
Alfred Marshal
Adam Smith
J.B.Clark
Hicks, Longe and Durbin
Bertrand model
Chamberlin model
Kinked demand model (Sweezy Model)
All of the above
The effect of a change in price of X on its demand
The effect of a change in price of X on the demand for Y
The effect of a change in price of Y on its demand
None of the above
Different prices
Similar prices
High prices
Low prices
Price of the commodity
Price of the substitutes
His household income
Size of countrys population
Hiring the building for the factory
Purchasing heavy machines
Paying the manager of the factory
Paying the laborers
Relative demand curve
Proportional demand curve
Productive demand curve
Differential demand curve
Price elastic
Price inelastic
Income elastic
Income inelastic
Charge different prices, but produce identical outputs
Produce different outputs, but charge identical prices
Charge different prices, and produce different outputs
None of the above
Consumers prefer to have less satisfaction than more of both commodities
As more and more of one commodity is obtained, less and less of the other must be given up to keep satisfaction constant
The total satisfaction obtained along an indifference curve decreases at an increasing rate
None of the above
Free goods
Economic goods
Luxury goods
None of the above
Total cost or total variable cost
Total explicit cost
Total fixed cost
Total implicit cost
Both move together and reinforce each other
One moves and the other remains constant
Move in the opposite direction and neutralize each other
Both remain constant
Quantity exchanged might rise or fall and price would rise
Quantity exchanged would rise and price would fall
Quantity exchanged would rise and price might rise or fall
Both quantities exchanged and price would rise
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
Total costs
Fixed costs
Variable costs
Marginal costs
true
not true
reliable
deniable
Economic profit
Rent
Accounting profit
Normal profit
Monopoly
Perfect competition
Oligopoly
Imperfect competition
Economic complements
Economic substitutes
Economic inferiors
None of the above
Where there is no retail trade and every thing is sold on wholesale basis
Where trading of a particular commodity is controlled exclusively by one firm
Where many people sell only one commodity
A form of business organization in which only single proprietorship exists
Market price
AVC
TFC
AFC
fixation of price
Arc elasticity of demand
Cross elasticity of demand
Wage theory
P=AR and P>MR
P=MC and MC=AC
None of the above
Ricardo
Marshal
Chamberlin
Mrs. Robinson
Consumer
Producer
Farmer
All the producers and consumers
Lowest isoquant
Lowest isocost line
Highest isoquant
Highest isocost line
Negative
Inverse
Positive
Both (a) and(b)
Is only a choice among the technologically efficient combination
Depends on the relative price of inputs
Depends on the price of the product
Depends on the profits made