Producer's equilibrium - class-XII
______ refers to the situation when aggregate supply falls short of aggregate demand corresponding to full employment level of output in the economy.
Inflationary gap exists when aggregate demand is greater than aggregate supply.
Deficient Demand indicates __________________.
______________ is the price paid for the use of capital.
Equilibrium price is determined at the interaction point of demand curve and supply curve.
Market supply depends upon price only.
Market demand is an aggregate of purchases by _____ buyers.
The law of demand states ______ relation between demand and price.
When price of commodity rise,the demand for it _____ .
When price falls the demand _____ .
The market for hand tools (Such as hammers and screwdrivers) is dominated by Draper, Stanley, and Craftsman. This market is best described as
Consumer stops purchasing the additional units of the commodity when ______________________.
Marginal utility of a commodity dependson its quantity and is_______.
A tiny unit is one having investment upto _____________.
The point of intersection between aggregate demand curve and aggregate supply curve is called _________________.
Marginal Productivity Theory is based on the assumption of ___________________.
Marginal productivity theory is the _______________ theory of distribution.
When average cost production (AC) falls, marginal cost of production must be _________.
Effective demand depends on ______.
When demand curve shifts to the right, the ________.
When demand curve shifts to the right, What happens to the new equilibrium?
When the price of petrol goes up, demand for cars will _____ .
Indirect demand is also known as ______ demand.
In the case of unitary elastic demand, the total outlay of the consumer before the price change and after the price change will ______ .
The life saving medicines have inelastic demand.
Government expenditure increases aggregate demand.
If the demand is less than unitary elastic , the total outlay of the consumers will change in the opposite direction of change in price.
A firm total cost is not dependent upon which of the following?
As per Total Revenue less Total Cost (TR - TC) approach of looking at the producer's equilibrium, which of the following condition is necessary for producer's equilibrium?
As per Marginal Revenue and Marginal Cost (MR and MC) approach of looking at the producer's equilibrium, which of the following condition is necessary for producer's equilibrium?
Producer's equilibrium refers to the level of output of a commodity that gives the ________ to the producer of that commodity.
A monopolist is able to maximize his profits when _________________.
Marginal Revenue is equal to:
Assume that when price is Rs. 20, quantity demanded is 9 units, and when price is Rs. 19, quantity demanded is 10 units. Based on this information, what is the marginal revenue resulting from an increase in output from 9 units to 10 units?
With a given supply curve, a decrease in demand causes -
If the marginal (additional) opportunity cost is a constant then the PPC would be __________.
The basic behavioural principle which apply to all market conditions ________.
If a monopolist sets her output such that marginal revenue, marginal cost and average tool cost are equal, economic profit must be:
The efficient level of output can be achieved under perfect competition as _______________.
According to "marginal revenue marginal cost approach" approach, a monopoly firm attains equilibrium when _______.
In the table below that will be equilibrium market price?
Price (Rs.) | Demand (tonnes per annum) | Supply (tonnes per annum) |
---|---|---|
12345678 | 1,000900800700600500400300 | 4005006007008009001,0001,100 |
If the supply of bottled water decreases, the equilibrium price ___________ and the equilibrium quantity ___________.
Which of the following would not, of itself, cause a shift of the demand curve for a product?
Equilibrium level of output for the pure monopolist is where _________.
Under monopoly form of market, TR is maximum when __________.
When does a firm maximize its profit in an imperfect competition?
An increase in demand while supply remains unchanged causes equilibrium price and quantity to ________.
Equating marginal cost and marginal revenue the competitive firm can maximize its profit in _________.
Using total revenue and total cost curves, the level of output that gives maximum profits will be one where ___________.
In finding equilibrium position of a profit maximising firm, which technique is most convenient ___________.
A circumstance in which it might pay a monopolist to cut the price of his product is where _________.
The entrepreneur coordinates all the other three factors (land, labour and capital) of production.
Gross Profit = Total Revenue - Total cost.
$M p = f (y)$ is denoted for ____________________.
What are the kinds/types of Profits?
According to American economist Frank.H.Knight. To him, profit is the reward for uncertainty bearing.
Dynamic Theory of Profit was propounded by ______________ in 1900.
Innovation theory of profit was propounded by ________________.
______________ is the net income of the organizer.
______________ is the profit earned by the firm because of its monopoly control.
The precautionary motive relates to the desire of the people to hold cash to meet unexpected or unforeseen expenditures.
Risk bearing theory of profit was propounded by the American economist F.B.Hawley in __________.
According to _____________, there are three motives for liquidity preference.
According to Keynes, there are ____________ motives for liquidity preference.
In a long run equilibrium of a competitive firm ___________.
In a long run equilibrium of a competitive firm _______________.
In the long run, there is enough time for the Firm to cover its Losses and earn Normal Profits. This is because in the long run, all inputs are-
Time element was conceived by _________.