1) Under perfect competition products are.....

2) Firms under perfect competition are known as

3) TR = P × .....

4) Long run supply curve is the rising portion of ....

5) Shut down point is the minimum of 

6) The point where TR = TC is called....

7) Percentage change in supply divided by percentage change in price is.....

8) q = P-10 is a supply function at P = 8, q is ....

9) The upward movement along the supply curve is called....of supply.

10) From the below given diagram, select break-even point

11) Supply curve shifts left when input price

12) Supply curves moves upward due to .....relationship between price and supply 

13) A firm is able to sell any quantity of the good at a given price. The firm's marginal revenue will be 

14) The implication of freedom of entry and exit of firms under perfect competition is that

15) A market structure where there is no rivalry and no competition 

16) The income earned by a producer by selling output in the market is 

17) Which type of market has full control over price ?

18) Select equilibrium condition under perfect competition 

19) Which of the following is the determinant of supply?

20) In the given below diagram, line A under perfect competition market represents

21) Quantity supplied rises from 20 kg to 25 kg as a result of rise in the price of it from rs 5 to rs 10. What is the elasticity of supply?

22) If supply curve passes through origin, the elasticity of supply is ?

23) Supply of a commodity varies 

24) A small changein price leading to a proportionately larger change in supply is a situation of

25) A firm is able to sell any quantity of the good at a given price. The firm's marginal revenue will be 

26) The short run shut down point of a firm in a perfectly competitive market is

27) If price exceeds AVC but is smaller than AC at the best level of output, the firm in perfect competition is 

28) Which among the following represent normal profit?

29) Shut down point occurs at

30) A supply curve is given below. What is the price elasticity of supply according to this supply curve ?

31) The short run shutdown point of a perfect competitive firm is at 

32) If P exceeds AVC but is smaller than AC at the best level of output, the firm in perfect competition is 

33) Cost vary with output 

34) TR_n - TR_n-1 =

35) Long run price under perfect competition will be equal to 

36) A fall in supply caused by a fall in price is known

37) When supply curve is a vertical straight line, supply is

38) Profit of a firm is the revenue earned :

39) MC curve cuts LAC curve:

40) In the given below diagram, area PRST stands for 

41) The demand for the product of a firm is perfectly elastic in one of the following market. Identify the market.

42) Supply curve shifts right if input price

43) From the below given diagram, identify shut-down point.

44) In the below given diagram, at point E, firm will get 

45) In the below given diagram, equilibrium occurs at

46) The revenue earned from selling an additional unit of product is called

47) If price falls below the minimum point of AVC , supply will be 

48) If there is technological progress in the production unit, then supply curve will

49) If two supply equation are given as S₁  = P - 12 and S₂ = 2p -8. Find market supply equation

50) The reason behind the movement along the supply curve is