'Nomos' means

(a)

Police

(b)

Management

(c)

Household

(d)

None of these

In the absence of consumption there can be no_________.

(a)

Consumption

(b)

Production

(c)

Service

(d)

None

Consumer surplus is highest in the case_____________.

(a)

necessities

(b)

luxuries

(c)

comfort

(d)

all of these

Labour cannot be separated from

(a)

Capital

(b)

Labourer

(c)

Profit

(d)

Organization

When AR remains constant MR is also ____.

(a)

constant

(b)

greater

(c)

lesser

(d)

none of these

AC = 

(a)

AFC-AVC

(b)

AFC+AVC

(c)

AFC x AVC

(d)

AFC/AVC

Revenue per unit to output sold known as ___________ .

(a)

Profit

(b)

TR

(c)

AR

(d)

All the above

The cost which is never zero even when production is stopped is called ________ cost.

(a)

Fixed

(b)

Variable

(c)

Prime

(d)

Implicit

Under perfect competition, there is ___________  price prevails in the market.

(a)

High price

(b)

Low price

(c)

Uniform price

(d)

None of these

According to Keynes_________ is determined.

(a)

Rate of interest

(b)

Profit

(c)

Wage

(d)

None