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

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

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

Last Answer : (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 ... decreases because the same amount of fixed costs is being spread over a larger number of units of output.

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

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 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

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

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

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

Last Answer : c. The marginal physical product falls

'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

Description : '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

Last Answer : (3) price of the commodity rises Explanation: The Law of demand states that the quantity demanded and the price of a commodity are inversely related, other things remaining constant. That is, if ... of the commodity the price starts rising and it continues to rise till equilibrium price is reached.

‘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

Description : ‘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

Last Answer :  price of the commodity rises

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.

Last Answer : (A) increases.

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

Last Answer : (4) Less than the average cost Explanation: Average cost is the total cost per unit of output. Marginal cost, on the other hand, is the addition to the total cost by producing one more ... where marginal cost is higher than average cost, and average cost is an increasing function of 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

Last Answer : Less than the average cost

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 ;

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

Description : 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 ... ) The density of the body (c) The diameter of the body (d) All the above parameters

Last Answer : Ans:(d)

If your company offers no credit terms, demand a. remains constant. b. falls 25%. c. falls 50%. d. falls 65%.

Description : If your company offers no credit terms, demand a. remains constant. b. falls 25%. c. falls 50%. d. falls 65%.

Last Answer : d. falls 65%.

Coefficient of consolidation for clays normally (A) Decreases with increase in liquid limit (B) Increases with increase in liquid limit (C) First increases and then decreases with increase in liquid limit (D) Remains constant at all liquid limits

Description : Coefficient of consolidation for clays normally (A) Decreases with increase in liquid limit (B) Increases with increase in liquid limit (C) First increases and then decreases with increase in liquid limit (D) Remains constant at all liquid limits

Last Answer : (A) Decreases with increase in liquid limit

In an isothermal process, the internal energy  (a) increases  (b) decreases  (c) remains constant  (d) first increases and then decreases  (e) first decreases and then increases.

Description : In an isothermal process, the internal energy  (a) increases  (b) decreases  (c) remains constant  (d) first increases and then decreases  (e) first decreases and then increases.

Last Answer : Answer : c

After a projectile is fired horizontally near the earth's surface, the horizontal component of its velocity, neglecting any air resistance: w) increases steadily x) decreases steadily y) first decreases, then increases z) remains constant

Description : After a projectile is fired horizontally near the earth's surface, the horizontal component of its velocity, neglecting any air resistance: w) increases steadily x) decreases steadily y) first decreases, then increases z) remains constant

Last Answer : ANSWER: Z -- REMAINS CONSTANT 

In a certain occupation, the profit is 110% of the cost. If the cost increases by 13% but the selling price remains constant, approximately what percentage of the selling price is the profit?

Description : In a certain occupation, the profit is 110% of the cost. If the cost increases by 13% but the selling price remains constant, approximately what percentage of the selling price is the profit?

Last Answer :  Let Cp= RS.100 Profit= Rs 110 Sp= Rs 210 New Cp= 113%0f Rs.100=Rs. 113 New SP= Rs. 210 Profit= Rs. (210-113)= Rs. 97 Required %= 97/210*100=46%

In a certain office, the profit is 160% of the cost. If the cost increases by 12% but the selling price remains constant, approximately what is the percentage profit?

Description : In a certain office, the profit is 160% of the cost. If the cost increases by 12% but the selling price remains constant, approximately what is the percentage profit?

Last Answer : Let cost price = Rs.100 ; then profit = 160  Selling price = Rs.260 ; new cost price = 112% of Rs 100  New cost price = 122 ; new selling price = Rs 260  Profit = 260 – 112 = Rs.148  Required percentage = (148/112 *100)%  = 132.14%

In a certain mall, the profit is 160% of the cost. If the cost increases by 12.5% but the selling price remains constant, approximately what percentage of the selling price is the profit?

Description : In a certain mall, the profit is 160% of the cost. If the cost increases by 12.5% but the selling price remains constant, approximately what percentage of the selling price is the profit?

Last Answer : Let C.P.= Rs. 100.  Then, Profit = Rs. 160, S.P. = Rs. 260. New C.P. = 112.5% of Rs. 100 = Rs. 112.5 New S.P. = Rs. 260. Profit = Rs. (260– 112.5) = Rs. 147.5 Required percentage = 147.5/260*100=57% (approx.)

The semi-vertical angle of a cone remains constant. If its height increases by 2%, then find the approximate increase in its volume.

Description : The semi-vertical angle of a cone remains constant. If its height increases by 2%, then find the approximate increase in its volume.

Last Answer : The semi-vertical angle of a cone remains constant. If its height increases by 2%, then find the approximate increase in its volume.

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 monotonically with increase in speed. (c) is maximum at zero speed and decreases monotonically with increase in speed. (d) becomes minimum at an optimum speed and then increases with further increase in speed.

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.

With increasing flow rate, the hydraulic efficiency of a centrifugal pump (A) Monotonically decreases (B) Decreases and then increases(C) Remains constant(D) Increases and then decreases

Description : With increasing flow rate, the hydraulic efficiency of a centrifugal pump (A) Monotonically decreases (B) Decreases and then increases (C) Remains constant (D) Increases and then decreases

Last Answer : (A) Monotonically decreases

The conductivity of an extrinsic semiconductor (A) decreases with temperature. (B) increases with temperature. (C) remains constant with temperature. (D) decreases and then increases with temperature.

Description : The conductivity of an extrinsic semiconductor (A) decreases with temperature. (B) increases with temperature. (C) remains constant with temperature. (D) decreases and then increases with temperature.

Last Answer : (B) increases with temperature.

The price of Ford automobiles increases and the price of Chevrolets remains constant, the demand for Chevrolets will (a) increase ; (b) decrease ; (c) decrease then increase ; (d) increase then decrease

Description : The price of Ford automobiles increases and the price of Chevrolets remains constant, the demand for Chevrolets will (a) increase ; (b) decrease ; (c) decrease then increase ; (d) increase then decrease

Last Answer : (a) increase ;

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

When the price of a commodity falls, we can expect - (1) the supply of it to increase (2) the demand for it to fall (3) the demand for it to stay constant (4) the demand for it to increase

Description : When the price of a commodity falls, we can expect - (1) the supply of it to increase (2) the demand for it to fall (3) the demand for it to stay constant (4) the demand for it to increase

Last Answer : (4) the demand for it to increase Explanation: In economics, the law of demand is an economic law, which states that consumers buy more of a good when its price is lower and less when its ... of good demanded by the consumer will be negatively correlated to the change in the price of the good

When the price of a commodity falls, we can expect (1) the supply of it to increase (2) the demand for it to fall (3) the demand for it to stay constant (4) the demand for it to increase

Description : When the price of a commodity falls, we can expect (1) the supply of it to increase (2) the demand for it to fall (3) the demand for it to stay constant (4) the demand for it to increase

Last Answer : the demand for it to increase

)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

Description : )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

Last Answer : (3) 36 Explanation: The standard method of calculating average variable cost is to divide total variable cost by the quantity, illustrated by this equation : Average Variable Cost = Total Variable Cost/ Quantity of ... , Average Total Cost = 45000/2500 = 18 So Average Variable Cost = 54 - 18= 36

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

Description : 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

Last Answer : (3) Average fixed cost curve Explanation: Average fixed cost curve is never 'U' shaped. Since total fixed costs are unchanged as output rises, the average fixed cost curve falls continuously as output is increased.

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

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

Last Answer : (1) Average cost Explanation: In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. Both the Short-run average total cost curve (SRAC) and Long ... typically expressed as U-shaped. However, the shapes of the curves are not due to the same factors.

Average Fixed Cost Curve is - (1) Upward sloping (2) `U' shaped (3) 'V' shaped (4) Downward sloping

Description : Average Fixed Cost Curve is - (1) Upward sloping (2) `U' shaped (3) 'V' shaped (4) Downward sloping

Last Answer : (4) Downward sloping Explanation: The Average Fixed Cost Curve graphically represents the relation between average fixed cost incurred by a firm in the short-run product of a good or service and the quantity produced. It is relatively high at small quantities of output.

Why is the law of diminishing marginal returns true? a. specialization and division of labor b. spreading the average fixed cost c. limited capital d. all factors being variable in the long-run

Description : Why is the law of diminishing marginal returns true? a. specialization and division of labor b. spreading the average fixed cost c. limited capital d. all factors being variable in the long-run

Last Answer : c. limited capital

A firm should cease production in the short(a) Price is less than average fixed cost (b) Price is less than average cost (c) Profits are negative (d) Price is less than average variable cost run if

Description : A firm should cease production in the short run if(a) Price is less than average fixed cost (b) Price is less than average cost (c) Profits are negative (d) Price is less than average variable cost

Last Answer : (d) Price is less than average variable cost

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

Description : 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

Last Answer : 36

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

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

Last Answer : Downward sloping 

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

Description : 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

Last Answer : Average fixed cost curve

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

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

Last Answer : Average cost

With increase in gas rate, the number of transfer units, NtoG, for a fixed degree of absorption by a fixed amount of solvent (A) Increases (B) Decreases (C) Decreases linearly (D) Remains unaffected

Description : With increase in gas rate, the number of transfer units, NtoG, for a fixed degree of absorption by a fixed amount of solvent (A) Increases (B) Decreases (C) Decreases linearly (D) Remains unaffected

Last Answer : (A) Increases

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

Last Answer : (C) Increases

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

Description : 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

Last Answer : (c) Suddenly increases

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

Last Answer : Falls

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 : (2) decreases Explanation: A higher international interest rate will decrease FDI since it means a higher cost of fund in international market, and vice versa. Interest rate is a measure of the cost of capital ... to a decrease in FDI. Interest rate and FDI can both be the cause and effect of other.