Description : Under perfect market conditions a firm is said to be in equilibrium where (a) Total output is equal to total demand ; (b) Profit is the maximum; (c) Where the total revenue is maximum ; (d) Where total average cost is the minimum
Last Answer : (b) Profit is the maximum;
Description : At "Break-even point", (1) the industry is in equilibrium in the long run. (2) the producers suffers the minimum losses (3) the seller earns maximum profit (4) the firm is at zero-profit point
Last Answer : (4) the firm is at zero-profit point Explanation: The break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even." For businesses, reaching the break-even point is the first major step towards profitability.
Description : At “Break-even point”, (1) the industry is in equilibrium in the long-run. (2) the producers suffers the minimum losses (3) the seller earns maximum profit (4) the firm is at zero-profit point
Last Answer : the firm is at zero-profit point
Description : A system is said to be at equilibrium, if the entropy of the system has reached __________ value. (A) Minimum (B) Zero (C) Maximum (D) None of these
Last Answer : C) Maximum
Description : The Firm is at equilibrium where: A. Output is maximum B. Profit is Maximum C. Revenues are Maximum D. Profit is Minimum
Last Answer : ANSWER: B
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.
Last Answer : marginal cost equals the marginal revenue
Description : Under perfect market conditions an Industry is said to be in equilibrium where (a) Total output is equal to total demand ; (b) Profit is maximum (c) Where the total revenue is maximum ; (d) Where total average cost is the minimum
Last Answer : (a) Total output is equal to total demand ;
Description : Rain drops (assumed to be spherical) of radii R1, 2R1, 3R, 4R, a.all of them will be zero b.all of them will be same c.drops of radius R will be maximum d.drops of radius R will be minimum e.107 dynes
Last Answer : d. drops of radius R will be minimum
Description : Pick out the wrong statement. (A) Minimum number of degree of freedom of a system is zero (B) Degree of freedom of a system containing a gaseous mixture of helium, carbon ... ) Enthalpy and internal energy change is zero during phase change processes like melting, vaporisation and sublimation
Last Answer : (D) Enthalpy and internal energy change is zero during phase change processes like melting, vaporisation and sublimation
Description : A soil mass is said to be in plastic equilibrium if (A) It is stressed to maximum (B) It is on the verge of failure (C) It is in plastic stage (D) It starts flowing
Last Answer : Answer: Option B
Description : Gibbs free energy at constant pressure and temperature under equilibrium conditions is (A) ∞ (B) 0 (C) Maximum (D) Minimum
Last Answer : (D) Minimum
Description : In a parallel flow heat exchanger, if the outlet temperature of hot and cold fluids are the same, then the log mean temperature difference (LMTD) is (A) Minimum (B) Maximum (C) Zero (D) Infinity
Last Answer : (C) Zero
Description : For a thermodynamic process to be reversible, the temperature difference between hot body and working substance should be (a) zero (b) minimum (d) maximum (d) infinity (e) there is no such criterion.
Last Answer : Answer : a
Description : The equilibrium of a firm under perfect competition will be determined when - (1) Marginal Revenue > Average Cost (2) Marginal Revenue > Average Revenue (3) Marginal Revenue = Marginal Cost (4) Marginal Cost > Average Cost
Last Answer : (3) Marginal Revenue = Marginal Cost Explanation: 173. (3) When the marginal revenue productivity of a factor is equal to the marginal- cost (MR=MC) of the factor, the firm will be in ... revenue and marginal revenue (P = AR = MR) is the standard condition for a perfectly competitive firm.
Description : In equilibrium, a perfectly competitive firm will equate - (1) marginal social cost with marginal social benefit (2) market supply with market demand (3) marginal profit with marginal cost (4) marginal revenue with marginal cost
Last Answer : (4) marginal revenue with marginal cost Explanation: A perfectly competitive firm's supply curve is that portion of its marginal cost curve that lies above the minimum of the average variable cost ... marginal cost curve. The marginal cost curve is thus the perfectly competitive firm's supply curve.
Description : In the long-run equilibrium, a competitive firm earns - (1) Super-normal profit (2) Profits equal to other firms (3) Normal profit (4) No profit
Last Answer : (3) Normal profit Explanation: Making the assumption that the market demand curve remains unchanged, higher market supply will reduce the equilibrium market price until the price = long run average cost. ... of firms in and out of the industry and a long-run equilibrium has been established.
Description : In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to (a) Price discrimination;(b)Cost effectiveness ; (c) Banned entry of new firms ; (d) Sales promotion
Last Answer : (c) Banned entry of new firms ;
Description : In short run a monopolistic competition firm will be in equilibrium where (a) MR = curve intersect SMC curve from above (b) MR curve intersect SMC curve from below (c) MC = AR ; (d) MR curve intersect SMC from below and P is equal to or more than AVC
Last Answer : ; (d) MR curve intersect SMC from below and P is equal to or more than AVC
Description : The equilibrium of a firm under perfect competition will be determined when (1) Marginal Revenue > Average Cost (2) Marginal Revenue > Average Revenue (3) Marginal Revenue = Marginal Cost (4) Marginal Cost > Average Cost
Last Answer : Marginal Revenue = Marginal Cost
Description : In the long-run equilibrium, a competitive firm earns (1) Super-normal profit (2) Profits equal to other firms (3) Normal profit (4) No profit
Last Answer : Normal profit
Description : In equilibrium, a perfectly competitive firm will equate (1) marginal social cost with marginal social benefit (2) market supply with market demand (3) marginal profit with marginal cost (4) marginal revenue with marginal cost
Last Answer : marginal revenue with marginal cost
Description : Pick out the wrong statement. (A) When the concentration difference for the mass transfer becomes zero at the bottom of the gas absorption tower, then the upper end of the operating line touches the ... fixed gas flow rate, the slope of the operating line decreases, in case of gas absorption process
Last Answer : (C) The operating line lies above the equilibrium curve in case of a gas desorber
Description : 1. Which Union Territory attained statehood in February, 1987 ? 2. Which oxyacid of halogen has maximum acidic nature? 3. From when was the Zero Base Budgeting in India first experimented? 4. What ... the Bay of Bengal? 20. In ancient India, at where was the earliest capital of Magadha kingdom?
Last Answer : Answer : 1. Goa 2. HClO4 3. April, 1987 4. Over felling 5. Rani of Jhansi 6. Shane Warne 7. Process of habitat loss 8. Article 40 9. 30 percent 10. Sarojini Naidu 11. Rectifier 12. P.R. Ramesh ... 14. 150 to 400 15. Protest against Rowlatt Act 16. Red pandas 17. 73rd 18. Cracking 19. 204 20. Rajgir
Description : Air is said to be saturated when - (1) it contains maximum content of water vapour (2) its pressure is minimum (3) its thickness is maximum (4) it blows over the barren land
Last Answer : (1) it contains maximum content of water vapour Explanation: When a volume of air at a given temperature holds the maximum amount of water vapour, the air is said to be saturated. Mr is said ... 100 percent or is saturated, moisture will condense, mean-ing the water vapor changes to liquid vapor.
Description : channel is said to be of most economical cross-section, if (A) It gives maximum discharge for a given cross-sectional area and bed slope (B) It has minimum wetted perimeter (C) It involves lesser excavation for the designed amount of discharge (D) All of the above
Last Answer : Answer: Option D
Description : Any gradient on a road is said to be an exceptional gradient, if it is (A) More than ruling gradient (B) Less than average gradient (C) More than floating gradient (D) Less than minimum gradient or more than maximum gradient
Description : Air is said to be saturated when : (1) it contains maximum content of water vapour (2) its pressure is minimum (3) its thickness is maximum (4) it blows over the barren land
Last Answer : it contains maximum content of water vapour
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 : Magnetism at the centre of a bar magnet is - (1) minimum (2) maximum (3) zero (4) minimum or maximum
Last Answer : (3) zero Explanation: The field at the center is not zero, but weak. At the exact center of a magnet the field lines are parallel (straight lines if we draw it). Anywhere else they are slightly divergent.
Description : One item listed on the name plate of a cargo pump motor is 'degrees centigrade rise.' This number is based on _____________. A. normal temperature change from cold to hot B. an ambient temperature ... . minimum heat rise from no load to full load D. maximum degrees centigrade rise from absolute zero
Last Answer : Answer: B
Description : The operating cost of a distillation column at minimum reflux ratio is (A) Minimum (B) Maximum (C) Infinite (D) Zero
Last Answer : (A) Minimum
Description : In an oil-lubricated journal bearing, coefficient of friction between the journal and the bearing. [IES-1995] (a) Remains constant at all speeds. (b) is minimum at zero speed and increases ... speed. (d) becomes minimum at an optimum speed and then increases with further increase in speed.
Last Answer : (d) becomes minimum at an optimum speed and then increases with further increase in speed.
Description : The shaft is always stepped with ________ diameter at the middle portion and __________ diameter at the shaft ends. a) Minimum, maximum b) Maximum, minimum c) Minimum, minimum d) Zero, infinity
Last Answer : b) Maximum, minimum
Description : The speed at which the shaft runs so that the additional deflection of the shaft from the axis of rotation becomes ___________, is known as critical or whirling speed. (A) zero (B) minimum (C) maximum (D) infinite
Last Answer : (D) infinite
Description : What is meant by node point? A. The point at which amplitude of vibration is maximum B. The point at which amplitude of vibration is minimum C. The point at which amplitude of vibration is zero D. None of the above
Last Answer : C. The point at which amplitude of vibration is zero
Description : As per Energy Method, the summation of kinetic energy and potential energy must be ________ which is same at all the times. A. zero B. minimum C. maximum D. constant
Last Answer : D. constant
Description : As per Energy Method, the summation of kinetic energy and potential energy must D be ________ which is same at all the times. ( A ) zero ( B ) minimum ( C ) maximum ( D ) constant
Last Answer : ( D ) constant
Description : As per Energy Method, the summation of kinetic energy and potential energy must be ________ which is same at all the times. (A) zero (B) minimum (C) maximum (D) constant
Last Answer : (D) constant
Description : The loss tangent of a perfect dielectric will be a) Zero b) Unity c) Maximum d) Minimum
Last Answer : d) Minimum
Description : For conductors, the loss tangent will be a) Zero b) Unity c) Maximum d) Minimum
Last Answer : c) Maximum
Description : When the conduction current density and displacement current density are same, the dissipation factor will be a) Zero b) Minimum c) Maximum d) Unity
Last Answer : d) Unity
Description : The point of contraflexure is the point where (A) B.M. changes sign (B) B.M. is maximum (C) B.M. is minimum (D) S.F. is zero
Last Answer : (A) B.M. changes sign
Description : In a shaft rotated by a couple, the shear force varies (A) From zero at the centre to a maximum at the circumference (B) From minimum at the centre of maximum at the circumference (C) From maximum at the centre to zero at the circumference (D) Equally throughout the section
Last Answer : (A) From zero at the centre to a maximum at the circumference
Description : If the stress produced by a prismatic bar is equal to the working stress, the area of the crosssection of the prismatic bar, becomes (A) Zero (B) Infinite (C) Maximum (D) Minimum
Last Answer : (B) Infinite
Description : If the shear force along a section of a beam is zero, the bending moment at the section is (A) Zero (B) Maximum (C) Minimum (D) Average of maximum-minimum
Last Answer : (B) Maximum
Description : In a loaded beam, the point of contraflexure occurs at a section where (A) Bending moment is minimum (B) Bending moment is zero or changes sign (C) Bending moment is maximum (D) Shearing force is maximum
Description : If a suspended body is struck at the centre of percussion, then the pressure on die axis passing through the point of suspension will be (A) Maximum (B) Minimum (C) Zero (D) Infinity
Description : Entropy change in case of reversible adiabatic process is (A) Minimum (B) Zero (C) Maximum (D) Indeterminate
Last Answer : (B) Zero