1:Buyers and sellers of a factor are called price  __.
Fixer
Takers**
Investor
Buyer

2: The theory of _ is an attempt to explain how income is shared  among the factors of production.

Production
Consumer behaviour
Distribution**
Welfare

3: A situation when monopolist charges the maximum price each client is willing to pay is referred to as___.

Price monopoly
First Degree price disc.**
Duopoly
Monopoly

4:Total revenue is maximised when marginal revenue is equal to___.

Zero**
1
Minus 1
2

5: Firms may engage in __ competition if one has some sort of advantage enabling it to move first.

Stackelberg**
None of the options
Perfect
Collusion

6: A normal sloping indifference curve obeys the law of __.

Utility
Convexity**
None of the options
Concavity

7: The total satisfaction gotten from the consumption of all units of a particular commodity over a period of time is referred to as___.
Average utility
Total utility**
Fixed utility
Marginal utility

8: Which of these is not a behavioural tendencies of oligopolistic firms.

None of the options**
Collusion
Non-price competition
Interdependence

9: The employer of factors of production online uses the factors in the production of goods and services to be finally sold in the __.

Income market
Sales market
Product market**
Consumer market

10: Marginal Productivity Theory of factor theory applies to conditions of _.
Firm market price
Firm factor price
Perfect competition**
Imperfect condition


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____ collusion results when two or more firms reach a formal agreement
Explicit

____ market is known to have the characteristics of both a perfect competitive market and a monopoly market
Monopolisitc

Price leadership is also referred to as _____ collusion
Tacit

A market where there are a few sellers with similar or identical products is referred to as ____ market
Oligopoly

In the marginal productivity theory, there are ____ number of assumptions
7

A firm in an oligopoly market will have a ____ demand curve
Kinked

When faced with alternatives, consumers will choose the alternative that provides the highest level of______
Utility

The demand for a product due to the demand for another intermediate or final good is termed ____ demand
Derived

The slope of an indifference curve is also known as ___
Marginal rate of substitution

In an imperfect factor market, firms can influence ___
Price