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4 D 32425-A

Marshalian cardinal utility analysis assumes :
(A) Marginal utility of money is zero.
(B) Marginal utility of money is decreasing.
(C) Marginal utility of money is increasing.
(D) Marginal utility of money is constant.
The concept of utility was introduced by :
(3) Marshall. (B) Hicks and Allen.
(C) Geremy Bentham. (D) Gossen.
The cost that cannot be recovered once spent :
(ಗಿ) Accounting cost. (B) Fixed cost.
(C) Implicit cost. (D) Sunk cost.
The Long run Average Cost curve (LAC) in modern cost theory is roughly :
(ಗಿ) U shaped. (B) Saucer shaped.
(C) L-shaped. (D) Rectangular hyperbola.
Implicit cost of a factor of production is determined by its:
(A) Sunk cost. (B) Variable cost.
(C) Fixed cost. (D) Opportunity cost.
The total fixed cost is a:
(A) Horizontal straight line. (B) Vertical.
(C) Hyperbola. (7) U shaped.

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