Description : What is the full form of the MSP? a. Minimum Stock Price b. Minimum Statutory Price c. Maximum Stipulated Price d. Minimum Support Price
Last Answer : d. Minimum Support Price
Description : MSP with respect to Agriculture refers to: a. Minimum Support Price b. Minimum Selling Price c. Moderate Selling Price d. Moderate Sold Price
Last Answer : a. Minimum Support Price
Description : A firm is in equilibrium when its (1) marginal cost equals the marginal revenue (2) total cost is minimum (3) total revenue is maximum (4) average revenue and marginal revenue are equal
Last Answer : (1) marginal cost equals the marginal revenue Explanation: A consumer is in a state of equilibrium when he achieves maximum aggregate satisfaction on the expenditure that he makes depending on the ... its production. In short run Marginal revenue = Marginal Cost is the condition of equilibrium.
Description : When marginal utility is zero, the total utility is - (1) Minimum (2) Increasing (3) Maximum (4) Decreasing
Last Answer : (3) Maximum Explanation: Marginal utility measures the extra utility (or satisfaction) from consuming an additional unit of a product. Total utility is the total satisfaction from the consumption of the ... in total satisfaction from the consumption of that unit. So the total unit is at maximum.
Description : A monopolist is able to maximise his profit when (a) his output is maximum (b) he charges higher prices (c) his average cost is minimum (d) his marginal cost is equal to marginal revenue
Last Answer : (d) his marginal cost is equal to marginal revenue
Last Answer : marginal cost equals the marginal revenue
Description : When marginal utility is zero, the total utility is (1) Minimum (2) Increasing (3) Maximum (4) Decreasing
Last Answer : Maximum
Description : Minimum Support Price is announced by the government to provide : (a) incentives to farmers for raising production (b) incentives to traders to earn maximum profit from farmers (c) incentives to moneylenders to lend maximum to farmers (d) none of the above
Last Answer : (a) incentives to farmers for raising production
Description : Consumer gets maximum satisfaction at the point where - (1) Marginal Utility = Price (2) Marginal Utility > Price (3) Marginal Utility < Price (4) Marginal Cost = Price
Last Answer : (1) Marginal Utility = Price Explanation: As per the law of diminishing marginal utility, the utility of each successive unit goes on diminishing as more and more units of a commodity are consumed. A ... for it. In this way, the consumer will get the maximum satisfaction and will be in equilibrium.
Description : Consumer gets maximum satisfaction at the point where (1) Marginal Utility = Price (2) Marginal Utility > Price (3) Marginal Utility < Price (4) Marginal Cost = Price
Last Answer : Marginal Utility = Price
Description : Under perfect competition, the industry does not have any excess capacity because each firm produces at the minimum point on its - (1) long-run marginal cost curve (2) long-run average cost curve (3) long-run average variable cost curve (4) long-run average revenue curve
Last Answer : (2) long-run average cost curve Explanation: Under perfect competition, the firms operate at the minimum point of long-run average cost curve. In this way, the actual longrun output of ... ideal output. This gives the mea-sure of excess capacity which lies unutilized under imperfect competition.
Description : ‘Normal Profit’ means (a) Profit earned by the marginal firm in a normal year. (b) Minimum amount needed to keep a firm in the same business. (c) The payment made to marginal firm for its ability. (d) Surplus profit earned by the least efficient firm
Last Answer : (c) The payment made to marginal firm for its ability.
Description : Under perfect competition, the industry does not have any excess capacity because each firm produces at the minimum point on its (1) long-run marginal cost curve (2) long-run average cost curve (3) long-run average variable cost curve (4) long-run average revenue curve
Last Answer : long-run average cost curve
Description : What type of products, does CACP recommend minimum support price for? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above
Last Answer : (2) Agricultural products Explanation: The Agricultural Prices Commission was set up in January. 1965 to advise the Government on price policy of major agricultural commodities. Since March 1985, the ... are fixed by the government. each year, after taking into account the recommendations of CACP.
Description : Who determines the minimum support price in India? a) The Commission for Agricultural Costs and Prices b) The Agriculture Ministry c) The Finance Commission d) NABARD
Last Answer : a) The Commission for Agricultural Costs and Prices
Description : The price at which the government offers to sell foodgrains lower than the market price is known as? a. Procurement price b. Minimum support price c. Issue price d. Market price.
Last Answer : c. Issue price
Description : The minimum guaranteed price at which the government offers to purchase any quantity is known as; a. Procurement price b. Minimum Support Price c. Issue Price d. Market Price.
Last Answer : b. Minimum Support Price
Description : Farmers are paid a pre-announced price by the government for their crops. It is called: a. Issue price b. Invested price c. Market price d. Minimum support price.
Last Answer : d. Minimum support price.
Description : The price that is announced before the sowing season is called: (a) Issue price (b) Fair price (c) Market price (d) Minimum support price
Last Answer : (d) Minimum support price
Description : What type of products, does CACP recommend minimum support price for ? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above
Last Answer : Agricultural products
Description : Equilibrium price in the market is determined by the - (1) equality between marginal cost and average cost. (2) equality between total cost and total revenue. (3) equality between average cost and average revenue. (4) equality between marginal cost and marginal revenue.
Last Answer : (4) equality between marginal cost and marginal revenue. Explanation: The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the ... in equilibrium at the point of equality of marginal cost and marginal revenue. (MC = MR).
Description : The term 'Dumping' refers to - (1) The sale of a substandard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty
Last Answer : (2) Sale in a foreign market of a commodity at a price below marginal cost Explanation: Dumping is an international price discrimination in which an exporter firm sells a portion of its out-put in ... , incurring loss in the foreign market (International Economics by M. Maria. John Kennedy, p.122).
Description : The marginal revenue of a monopolist is: (1) more than price (2) equal to price (3) less than price (4) less than marginal cost
Last Answer : (3) less than price Explanation: A monopolist's marginal revenue is always less than or equal to the price of the good. Marginal revenue is the amount of revenue the firm receives for each additional unit ... - at the new level of output and total revenue at the previous output (one unit less).
Description : Under hill cost pricing, price is determined - (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revem (3) by adding normal profit to the marginal cost (4) by the total al cost of production
Last Answer : (1) by adding a margin to the average cost Explanation: Full cost pricing is a practice where the price of a product is calculated by a firm on the basis of its direct costs per unit of output ... is known as 'full-cost' pricing. The price is equal to 'full' cost, including an acceptable profit.
Description : In order to maximize profits, a monopoly company will produce that quantity at which the: a. marginal revenue equals average total cost b. price equals marginal revenue c. marginal revenue equals marginal cost d. total revenue equals total cost
Last Answer : c. marginal revenue equals marginal cost
Description : In pure monopoly, what is the relation between the price and the marginal revenue? a. the price is greater than the marginal revenue b. the price is less than the marginal revenue c. there is no relation d. they are equal
Last Answer : a. the price is greater than the marginal revenue
Description : The term ‘Dumping’ refers to (1) The sale of a sub-standard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty
Last Answer : Sale in a foreign market of a commodity at a price below marginal cost
Description : Equilibrium price in the market is determined by the (1) equality between marginal cost and average cost. (2) equality between total cost and total revenue. (3) equality between average cost and average revenue. (4) equality between marginal cost and marginal revenue.
Last Answer : equality between marginal cost and marginal revenue.
Last Answer : less than price
Description : Under full cost pricing, price is determined (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revenue (3) by adding normal profit to the marginal cost (4) by the total cost of production
Last Answer : by adding a margin to the average cost
Description : If total product is at its maximum then: (AP= Average product) (MP= Marginal product) (1) AF = 0 (2) AP < 0 (3) MP = 0 (4) AP = MP = 0
Last Answer : (3) MP = 0 Explanation: Total product (TP) is the total output a production unit can produce, using different combination of factors of production. When marginal product =0 (at point D in ... figure given below). Then en as the marginal product becomes negative, the total product starts going down.
Description : When average product of an input is at its maximum then : (1) AP > MP (2) AP < MP (3) AP = 0 (4) AP = MP (AP= Average product) (MP= Marginal product.)
Last Answer : (4) AP = MP Explanation: There is a close relationship between marginal product and average product because both are derived from total product. When marginal product is equal to average product, the average product is ... assume that at the "cross-over point," when MP = AP, AP is at its maximum.
Description : If total utility is maximum at a point, then marginal utility is - (1) positive (2) zero (3) negative (4) positive but decreasing
Last Answer : (2) zero Explanation: Marginal utility of a good or service is the gain (or loss) from an increase (or decrease) in the consumption of that good or service. As the rate ... increase in consumption of units of commodities causes marginal utility to become negative; this signifies dissatisfaction.
Description : firm's marginal revenue A.is always negative B.can be positive C.is always positive D.is zero at point at which the total revenue is maximum
Last Answer : D.is zero at point at which the total revenue is maximum
Description : Total utility is maximum, when (a) marginal utility is maximum (b) marginal utility is zero © marginal utility increases (d) average utility is maximum
Last Answer : (b) marginal utility is zero
Description : If total product is at its maximum then: (AP= Average product) (MP= Marginal product) (1) AP = 0 (2) AP < 0 (3) MP = 0 (4) AP = MP = 0
Last Answer : MP = 0
Description : When average product of an input is at its maximum then : (AP= Average product) (MP= Marginal product) (1) AP = 0 (2) AP = MP (3) AP > MP (4) AP < MP
Last Answer : AP = MP
Description : If total utility is maximum at a point, then marginal utility is (1) positive (2) zero (3) negative (4) positive but decreasing
Last Answer : zero
Description : Do any tech-savvy flutherites have any experience with either PD or Max/MSP?
Last Answer : Start with PD, it's basic, use miller's examples to get yourself familiar with the real pillars of electronic music - FM/AM synthesis, granular synthesis and Frequency based(FFT) synthesis. Then ... goes a long way! great reading- miller Puckett's book and the Electronic Music Tutorial by Rhodes.
Description : What is the best way to store and recall presets in a Max/MSP patch?
Last Answer : This forum sounds very very similar to what you are asking. http://www.cycling74.com/forums/topic.php?id=25257
Description : vip codes for msp?
Last Answer : i need a code
Description : MSP is fixed by
Last Answer : Ans. Commission of Agricultural Cost and Price (CACP)
Description : Govt fixes MSP for various .agri.commodities on the recommendation of a.CACP b.MoA c.GOI d. MoE
Last Answer : a.CACP
Description : Which instruction set architecture is used in Raspberry Pi? A. X86 B. MSP C. AVR D. ARM
Last Answer : D. ARM
Description : A competitive firm maximizes its total profit when ……………… (a) Average cost equal average realization ; (b) Marginal cost equals Price; (d) Total revenue is the maximum ; (d) MR = AR
Last Answer : (d) Total revenue is the maximum ;
Description : "Marginal Cost" equals - (1) total cost minus total benefit for the last unit produced (2) total cost divided by total benefit for the last unit produced (3) total cost divided by quantity (4) the change in total cost divided by the change in quantity
Last Answer : (4) the change in total cost divided by the change in quantity Explanation: Marginal cost is the change in the total cost that arises when the quantity produced has an increment by unity. That is, it is ... Rs.50,002. That would mean the marginal cost-the cost of producing the next unit- was Rs.2.
Description : Which of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost
Last Answer : (1) Variable Cost Explanation: In economics, marginal cost is the change in the total cost that arises when the quantity produced is Incremented by one unit. That is, it is the cost of producing one more ... in the short run. It is only the variable costs that vary with output in the short run.
Description : The total utility from 9 units of commodity x is 20 and from 10 units is 15. Calculate the marginal utility from 10th unit. (1) 0.5 (3) 5 (2) -0.5 (4) -5
Last Answer : (4) -5 Explanation: Marginal Utility = Change in Total Utility / Change in number of Units consumed. The first component of the formula is to calculate the change in total utility. The second component of the marginal utility formula is the change in the number of units that have been consumed.
Description : When the total product rises at an increasing rate, the - (1) marginal product is zero (2) marginal product is rising (3) marginal product is falling (4) marginal product remains constant
Last Answer : (2) marginal product is rising Explanation: Marginal product of an input (factor of production) is the extra output that can be produced by using one more unit of the input (for instance ... from total product. The other is average product. Marginal product is directly proportional to total product.
Description : Which of the following concepts are most closely associated with J.M. Keynes? (1) Control of money supply (2) Marginal utility theory (3) Indifference curve analysis (4) Marginal efficiency of captial
Last Answer : (4) Marginal efficiency of captial Explanation: The marginal efficiency of capital (MEC) is that rate of discount which would equate the price of a fixed capital asset with its present discounted ... given by the returns expected from the capital asset during its life Just equal its supply price