As output increases, average fixed cost (1) increases (2) falls (3) remains consl ant (4) first increases, then falls

As output increases, average fixed cost (1) increases (2) falls (3) remains consl ant (4) first increases, then falls
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(2) falls Explanation: Average fixed cost refers to fixed costs of production (FC) divided by the quantity (Q) of output produced. It is a per-unit-of-output measure of fixed costs. As the total number of goods produced increases, the average fixed cost decreases because the same amount of fixed costs is being spread over a larger number of units of output.
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As output increases, average fixed cost (1) increases (2) falls (3) remains constant (4) first increases, then falls

Description : As output increases, average fixed cost (1) increases (2) falls (3) remains constant (4) first increases, then falls

Last Answer : falls

When price of a substitute of commodity falls, the demand for - (1) falls (2) remains unchanged (3) increases at increasing rate (4) rises

Description : When price of a substitute of commodity falls, the demand for - (1) falls (2) remains unchanged (3) increases at increasing rate (4) rises

Last Answer : (1) falls Explanation: Cross Price Effect refers to effect on the demand for a given commodity due to a change in the price of a substitute commodity. A change (increase or decrease) in the ... the given commodity (tea) also decreases. It shifts the demand curve of the given commodity towards left.

When price of a substitute of commodity ‘x’ falls, the demand for ‘x’ : (1) falls (2) remains unchanged (3) increases at increasing rate (4) rises

Description : When price of a substitute of commodity ‘x’ falls, the demand for ‘x’ : (1) falls (2) remains unchanged (3) increases at increasing rate (4) rises

Last Answer : falls

If average cost falls, marginal cost - (1) increases at a higher rate (2) falls at the same rate (3) increases at a lower rate (4) falls at a higher rate

Description : If average cost falls, marginal cost - (1) increases at a higher rate (2) falls at the same rate (3) increases at a lower rate (4) falls at a higher rate

Last Answer : (2) falls at the same rate Explanation: Average cost is the per unit cost incurred in the production of a good or service. It is specified as the total cost divided by the quantity of output ... cost also rises; when average cost curve falls with the increase in output, the marginal cost also rises.

If average cost falls, marginal cost (1) increases at a higher rate (2) falls at the same rate (3) increases at a lower rate (4) falls at a higher rate

Description : If average cost falls, marginal cost (1) increases at a higher rate (2) falls at the same rate (3) increases at a lower rate (4) falls at a higher rate

Last Answer : falls at the same rate

Over short period, when income rises, average propensity to consume usually - (1) rises (2) falls (3) remains constant (4) fluctuates

Description : Over short period, when income rises, average propensity to consume usually - (1) rises (2) falls (3) remains constant (4) fluctuates

Last Answer : (2) falls Explanation: Keynes postulated that aggregate consumption is a function of aggregate current disposable income. The Keynesian consumption function is written as: C = a + eY a > 0, 0 < c < 1; ... the disposal in-come. So as income increases, average propensity to consume (APC = C/Y) falls.

Over short period, when income rises, average propensity to consume usually (1) rises (2) falls (3) remains constant (4) fluctuates

Description : Over short period, when income rises, average propensity to consume usually (1) rises (2) falls (3) remains constant (4) fluctuates

Last Answer : falls

The law of diminishing (marginal) returns states that as more of a variable factor is added to a certain amount of a fixed factor, beyond some point: a. Total physical product begins to fall b. The marginal physical product rises c. The marginal physical product falls d. The average physical product falls

Description : The law of diminishing (marginal) returns states that as more of a variable factor is added to a certain amount of a fixed factor, beyond some point: a. Total physical product begins ... The marginal physical product rises c. The marginal physical product falls d. The average physical product falls

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'Law of demand' implies that when there is excess demand for a commodity, then (1) price of the commodity falls (2) price of the commodity remains same (3) price of the commodity rises (4) quantity demanded of the commodity falls

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‘Law of demand’ implies that when there is excess demand for a commodity, then (1) price of the commodity falls (2) price of the commodity remains same (3) price of the commodity rises (4) quantity demanded of the commodity falls

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Last Answer :  price of the commodity rises

If the price of an inferior good falls, its demand - (1) rises (2) falls (3) remains constant (4) can be any of the above

Description : If the price of an inferior good falls, its demand - (1) rises (2) falls (3) remains constant (4) can be any of the above

Last Answer : (1) rises Explanation: Some goods are known as inferior goods. With inferior goods, there is an inverse relationship between real income and the demand for the good in question. If real incomes rise, the ... than rely on the more inferior bus, so the demand for bus travel falls as real incomes rise.

If the price of an inferior good falls, its demand (1) rises (2) falls (3) remains constant (4) can be any of the above

Description : If the price of an inferior good falls, its demand (1) rises (2) falls (3) remains constant (4) can be any of the above

Last Answer : rises

Fixed cost is a cost: (a) Which changes in total in proportion to changes in output (b) which is partly fixed and partly variable in relation to output (c) Which do not change in total during a given period despise changes in output (d) which remains same for each unit of output

Description : Fixed cost is a cost: (a) Which changes in total in proportion to changes in output (b) which is partly fixed and partly variable in relation to output (c) Which do not change in total during a given period despise changes in output (d) which remains same for each unit of output

Last Answer : (c) Which do not change in total during a given period despise changes in output

When average cost production (AC) falls, marginal cost of production must be - (1) rising (2) Falling (3) Greater than the average cost (4) Less than the average cost

Description : When average cost production (AC) falls, marginal cost of production must be - (1) rising (2) Falling (3) Greater than the average cost (4) Less than the average cost

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When average cost production (AC) falls, marginal cost of production must be. (1) rising (2) Falling (3) Greater than the average cost (4) Less than the average cost

Description : When average cost production (AC) falls, marginal cost of production must be. (1) rising (2) Falling (3) Greater than the average cost (4) Less than the average cost

Last Answer : Less than the average cost

As the ball falls towards the ground, its velocity A. increases B. decreases C. remains constant D. becomes zero

Description : As the ball falls towards the ground, its velocity A. increases B. decreases C. remains constant D. becomes zero

Last Answer :  increases

When the price of complementary products increases, the demand of the other product will (a) Falls ; (b) Increases ; (c) Remains same ; (d) Increases by 25%

Description : When the price of complementary products increases, the demand of the other product will (a) Falls ; (b) Increases ; (c) Remains same ; (d) Increases by 25%

Last Answer : (a) Falls ;

Demand curve shifts downwards when (a) at the same price level demand falls (b) price increases and demand falls © price falls and demand also falls (d) at the same price level demand increases

Description : Demand curve shifts downwards when (a) at the same price level demand falls (b) price increases and demand falls © price falls and demand also falls (d) at the same price level demand increases

Last Answer : © price falls and demand also falls

)If the average total cost is Rs.54, total fixed cost is Rs.45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm - (1) 24 (2) 18 (3) 36 (4) 60

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Which of the following is an inverted `U' shaped curve? (1) Average cost (2) Marginal cost (3) Total cost (4) Fixed cost

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Last Answer : 36

Average Fixed Cost Curve is (1) Upward sloping (2) ‘U’ shaped (3) ‘V’ shaped (4) Downward sloping

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Which of the following cost curve is never ‘U’ shaped ? (1) Marginal cost curve (2) Average variable cost curve (3) Average fixed cost curve (4) Average cost curve

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Which of the following is an inverted ‘U’ shaped curve ? (1) Average cost (2) Marginal cost (3) Total cost (4) Fixed cost

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With increase in the liquid flow rate at a fixed gas velocity in a randomly packed counter current gas-liquid absorption column, the gas pressure drop (A) Decreases (B) Remains unchanged (C) Increases (D) Decreases exponentially

Description : With increase in the liquid flow rate at a fixed gas velocity in a randomly packed counter current gas-liquid absorption column, the gas pressure drop (A) Decreases (B) Remains unchanged (C) Increases (D) Decreases exponentially

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On increasing the reverse bias to a large value in a p-n junction diode current (a) Increases slowly (b) Remains fixed (c) Suddenly increases (d) Decreases slowly

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Each time a defect gets detected and fixed, the reliability of a software product (A) increases. (B) decreases. (C) remains constant. (D) cannot say anything.

Description : Each time a defect gets detected and fixed, the reliability of a software product (A) increases. (B) decreases. (C) remains constant. (D) cannot say anything.

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When a cube of ice floating on water in a beaker melts, the level of water in the beaker (a) rises (b) falls (c) remains the same (d) first rises and then falls

Description : When a cube of ice floating on water in a beaker melts, the level of water in the beaker (a) rises (b) falls (c) remains the same (d) first rises and then falls

Last Answer : Ans:(c)

An ice block with a piece of lead embeded in it floats in water. If ice melts the water level (1) Rises (2) Falls (3) Remains same (4) Falls first and then rises

Description : An ice block with a piece of lead embeded in it floats in water. If ice melts the water level (1) Rises (2) Falls (3) Remains same (4) Falls first and then rises

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How the interest-level of a country is affected by FDI? (1) increases (2) decreases (3) remains unaffected (4) there is increase or decrease

Description : How the interest-level of a country is affected by FDI? (1) increases (2) decreases (3) remains unaffected (4) there is increase or decrease

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In a period of inflation and price rises the supply of money remains - (1) the same (2) increases (3) decreases (4) increases or decreases pro-portionately.

Description : In a period of inflation and price rises the supply of money remains - (1) the same (2) increases (3) decreases (4) increases or decreases pro-portionately.

Last Answer : (2) increases Explanation: Money supply is the total amount of monetary assets available in an economy at a specific time. The relation between money and prices is historically associated with the quantity ... money-supply growth, at least for rapid increases in the amount of money in the economy.

Other things remaining the same, when a consumer's income increases, his equilibrium point moves to A.A higher indifference curve B.To the left-hand side on the same indifference curve C.Remains unchanged on the same indifference curve D.A lower indifference curve

Description : Other things remaining the same, when a consumer's income increases, his equilibrium point moves to A.A higher indifference curve B.To the left-hand side on the same indifference curve C.Remains unchanged on the same indifference curve D.A lower indifference curve

Last Answer : A.A higher indifference curve

In a period of inflation and price rise the supply of money remains (1) the same (2) increases (3) decreases (4) increases or decreases proportionately.

Description : In a period of inflation and price rise the supply of money remains (1) the same (2) increases (3) decreases (4) increases or decreases proportionately.

Last Answer : increases

How the interest-level of a country is affected by FDI ? (1) increases (2) decreases (3) remains unaffected (4) there is increase or decrease

Description : How the interest-level of a country is affected by FDI ? (1) increases (2) decreases (3) remains unaffected (4) there is increase or decrease

Last Answer : decreases

When a tank containing liquid moves with an acceleration in the horizontal direction, then the free surface of the liquid (A) Remains horizontal (B) Becomes curved (C) Falls on the front end (D) Falls on the back end

Description : When a tank containing liquid moves with an acceleration in the horizontal direction, then the free surface of the liquid (A) Remains horizontal (B) Becomes curved (C) Falls on the front end (D) Falls on the back end

Last Answer : Answer: Option C

Equilibrium output is deter-mined by: (1) the equality between total Variable cost and Marginal revenue. (2) the equality between Marginal cost and Marginal revenue. (3) the equality between Average cost and Average revenue. (4) the equality between total cost and total revenue.

Description : Equilibrium output is deter-mined by: (1) the equality between total Variable cost and Marginal revenue. (2) the equality between Marginal cost and Marginal revenue. (3) the equality between Average cost and Average revenue. (4) the equality between total cost and total revenue.

Last Answer : (2) the equality between Marginal cost and Marginal revenue. Explanation: Equilibrium Output refers to the level of output where the Aggregate Demand is equal to the Aggregate Supply (AD = AS) in an ... because it adds to its profits. He stops producing more only when MC becomes equal to MR.

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

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

Equilibrium output is determined by: (1) the equality between total Variable cost and Marginal revenue. (2) the equality betweem Marginal cost and Marginal revenue. (3) the equality between Average cost and Average revenue. (4) the equality between total cost and total revenue.

Description : Equilibrium output is determined by: (1) the equality between total Variable cost and Marginal revenue. (2) the equality betweem Marginal cost and Marginal revenue. (3) the equality between Average cost and Average revenue. (4) the equality between total cost and total revenue.

Last Answer : the equality betweem Marginal cost and Marginal revenue.

The addition to total cost by producing an additional unit of output by a firm is called (1) Variable cost (2) Average cost (3) Marginal cost (4) Opportunity cost

Description : The addition to total cost by producing an additional unit of output by a firm is called (1) Variable cost (2) Average cost (3) Marginal cost (4) Opportunity cost

Last Answer : Marginal cost

Isoquants in Leontief’s input- output model are (a) Variable coefficient (b) Fixed coefficient © Sometimes fixed sometimes variable (d) None of the abov

Description : Isoquants in Leontief’s input- output model are (a) Variable coefficient (b) Fixed coefficient © Sometimes fixed sometimes variable (d) None of the abov

Last Answer : (b) Fixed coefficient

Pick out the correct statement. (A) The slope of the stripping line is always less than unity (B) For a given separation in a binary distillation column, with increase in reflux ratio (above the minimum reflux ratio), the fixed cost of the distillation column first increases and then decreases (C) In Ponchon-Savarit method of no. of theoretical plate determination, the stripping and rectifying operating lines are vertical at total reflux (D) Kremser-Brown-Souder's equation is used to calculate the efficiency of a plate tower

Description : Pick out the correct statement. (A) The slope of the stripping line is always less than unity (B) For a given separation in a binary distillation column, with increase in reflux ratio ( ... (D) Kremser-Brown-Souder's equation is used to calculate the efficiency of a plate tower

Last Answer : C) In Ponchon-Savarit method of no. of theoretical plate determination, the stripping and rectifying operating lines are vertical at total reflux

What is the average lifespan of an ant ?

Last Answer : The average lifespan of an ant is 45 to 60 days.

Which describes the average velocity of an ant traveling at a constant speed in a straight line on the the kitchen counter?

Description : Which describes the average velocity of an ant traveling at a constant speed in a straight line on the the kitchen counter?

Last Answer : The slope of the ant's displacement vs. time graph The total displacement divided by the time.

When a small spherical body falls in a viscous fluid, its speed increases first, then deceases and eventually it acquires a constant speed called the terminal speed. The terminal speed depends upon (a) The density and viscosity of the fluid (b) The density of the body (c) The diameter of the body (d) All the above parameters

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Last Answer : Ans:(d)

An ice block with a piece of lead embedded in it floats in water. If ice melts the water level – (1) Rises (2) Falls (3) Remains same (4) Falls first and them rises

Description : An ice block with a piece of lead embedded in it floats in water. If ice melts the water level – (1) Rises (2) Falls (3) Remains same (4) Falls first and them rises

Last Answer : (2) Falls