Tag: equilibrium of a firm

Questions Related to equilibrium of a firm

Dynamic Theory of Profit was propounded by ______________ in 1900.

  1. Keynes

  2. Alfred Marshall

  3. J.B.Clark

  4. Robbins


Correct Option: C

Innovation theory of profit was propounded by ________________.

  1. Jacob Viner

  2. Joesph. A.Schumpeter

  3. F.B Hawley

  4. Alfred Marshall


Correct Option: B

______________ is the net income of the organizer.

  1. Wage

  2. Profit

  3. Interest

  4. Rent


Correct Option: B

______________ is the profit earned by the firm because of its monopoly control.

  1. Oligopolist profit

  2. Monopoly profit

  3. Monopsony profit

  4. Excess profit


Correct Option: B

The precautionary motive relates to the desire of the people to hold cash to meet unexpected or unforeseen expenditures.

  1. True

  2. False


Correct Option: A

Risk bearing theory of profit was propounded by the American economist F.B.Hawley in __________.

  1. $1900$

  2. $1908$

  3. $1907$

  4. $1850$


Correct Option: C

According to _____________, there are three motives for liquidity preference. 

  1. Robbins

  2. Marshall

  3. Keynes

  4. Viner


Correct Option: C

According to Keynes, there are ____________ motives for liquidity preference. 

  1. five

  2. three

  3. two

  4. eight


Correct Option: B

In a long run equilibrium of a competitive firm ___________.

  1. $AR < AC$

  2. $AR > AC$

  3. $AC > AR$

  4. $AR = LRAC$


Correct Option: C

In a long run equilibrium of a competitive firm _______________.

  1. fixed cost vanishes

  2. Average fixed cost curve vanishes

  3. Average total cost are present

  4. All of the above


Correct Option: D