Description : The opportunity cost of a factor of production is - (1) what it is earning in its present use. (2) what it can earn in the long period. (3) what has to be paid to retain it in its present use. (4) what it can earn in some other use.
Last Answer : (4) what it can earn in some other use. Explanation: The opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between ... given limited resources. It is equivalent to what a factor could earn for the firm in alter-native uses.
Description : Transfer earning or alternative cost is otherwise known as - (1) Variable cost (2) Implicit cost (3) Explicit cost. (4) Opportunity cost
Last Answer : (4) Opportunity cost
Description : Transfer earning or alternative cost is otherwise known as (1) Variable cost (2) Implicit cost (3) Explicit cost (4) Opportunity cost (economic cost)
Last Answer : Opportunity cost (economic cost)
Description : Which one is more appropriate for cost of retained earning? A. Weighted Average cost of capital B. Opportunity cost to the firm C. Expected rate of return by the investor D. None of the above
Last Answer : B. Opportunity cost to the firm
Description : Comparative advantage occurs when (a) A country can produce more goods than anyone else (b) A country has a lower opportunity cost in the production of a good than any other country © A country has more product lines than other countries (d) The exchange rate appreciates.
Last Answer : (b) A country has a lower opportunity cost in the production of a good than any other country
Description : Liabilities (not accumulated profits) of a company include— A. General reserve B. Pension fund C. Dividend equalisation fund. D. Retain earning
Last Answer : B. Pension fund
Description : A. Bank overdraft B. Bills Payable C. Account Payable D. Retain earning
Last Answer : D. Retain earning
Description : Any factor of production can earn economic-rent, when its supply will be - (1) Perfectly elastic (2) Perfectly inelastic (3) Elastic in nature (4) All of the above
Last Answer : (2) Perfectly inelastic Explanation: Economic rent is the revenue that can be earned from the land or other natural resource for which there is a fixed supply - as economists like to say, the supply ... inelastic, the amount of its supply does not depend on any income that the resource can produce.
Description : Any factor of production can earn economic-rent, when its supply will be (1) Perfectly elastic (2) Perfectly inelastic (3) Elastic in nature (4) All of the above
Last Answer : Perfectly inelastic
Description : D) MoneyGram Explanation: Global money transfer service provider, MoneyGram, has rolled out Receive & Win, a month-long a promotional campaign set to run throughout the Ramadan period, beginning 6 June ... set to run in the Indian states of Telangana, Bihar, Uttar Pradesh, Gujarat, and Kerala.
Last Answer : Name the newly appointed MD of State Bank of Mysore. A) NK Chari B) Romil Bhattacharya C) Surya Kumar D) CR Sasikumar E) DP Sardana
Description : The fixed cost on such factors of production which are neither hired nor bought by the firm is called - (1) social cost (2) opportunity cost (3) economic cost (4) surcharged cost
Last Answer : (1) social cost Explanation: Social cost is defined as a sum of the private cost and external costs. The social cost is generally not borne by an individual. It may be borne by entire society, city or ... seller sells any product or item to buyer. This cost is added up from the use of that product.
Description : Opportunity cost of production of a commodity is - (1) the cost that the firm could have Incurred when a different technique was adopted (2) the cost that the firm could have incurred under a different method of production (3) the actual cost incurred (4) the next best alternative output
Last Answer : (4) the next best alternative output Explanation: The concept of opportunity cost is based on scar-city and choice. The opportunity cost of a commodity is the next best alternative commodity ... to produce alternative goods and services. If one commodity is produced another commodity is sacrificed.
Description : If the production possibility curve is linear, then production is said to be subject of (a) constant opportunity cost (b) decreasing opportunity cost © Increasing opportunity cost (d) first increasing then decreasing opportunity cost.
Last Answer : (a) constant opportunity cost
Description : Opportunity cost of production of a commodity is (1) the cost that the firm could have incurred when a different technique was adopted (2) the cost that the firm could have incurred under a different method of production (3) the actual cost incurred (4) the next best alternative output
Last Answer : the next best alternative output
Description : The fixed cost on such factors of production which are neither hired nor bought by the firm is called (1) social cost (2) opportunity cost (3) economic cost (4) surcharged cost
Last Answer : social cost
Description : If production possibility frontier is linear it implies (a) Constant opportunity cost ; (b) Economy is stagnant; (c) Underemployment of factor of production ; (d) With the increase in production, opportunity cost also increases
Last Answer : (a) Constant opportunity cost
Description : Which of the following cannot be treated as revenue expenditure? A. Cost of goods purchased for resale. B. Wages paid for the erection of plant and machinery. C. Obsolescence cost. D. Expenses incurred by way of repairs of existing assets which do not in any way add to their earning capacity.
Last Answer : B. Wages paid for the erection of plant and machinery.
Description : P, Q and R together earn Rs.420 per day, while P and R together earn Rs.296 and Q and R together earn Rs.164. The daily earning of R is : a) Rs.50 b) Rs.80 c) Rs.40 d) Rs.60
Last Answer : D (P+Q+R)’s earning = Rs. 420 (P+R)’s earning=Rs 296 (Q+R)’s earning=Rs 164 Q’s daily earning = Rs. (420 ⎯296) = Rs.124 P’s daily earning = Rs. (420 ⎯164) = Rs.236 Now (P+Q)’s earning=Rs 360 R’s daily earning = Rs. [420 ⎯360] = Rs.60
Description : Cost of production of the producer is given by: (1) sum of wages paid to labourers. (2) sum of wages and interest paid on capital. (3) sum of wages, interest, rent and supernormal profit. (4) sum of wages, interest, rent and normal profit.
Last Answer : (4) sum of wages, interest, rent and normal profit. Explanation: The following elements are included in the cost of production: (1) Purchase of raw machinery, (2) Installation of plant and machinery ... also added, (k) The normal profit of the entrepreneur is also included In the cost of production.
Last Answer : sum of wages, interest, rent and normal profit.
Description : Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation
Last Answer : (2) organizes the process of production Explanation: In economics, factors of production are the inputs to the production process. Factors of production' may also refer specifically to the 'primary factors', ... the other factors of production, land, labor, and capital, in order to make a profit.
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 : Enterpreneurial ability is a special kind of labour that (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation
Last Answer : organizes the process of production
Description : Part of company‟s earning or profit which is paid out to share holders is known as _______ A. Premium B. Dividend C. Bonus D. Sum Assured E. Return
Last Answer : B. Dividend Explanation: A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, it can re-invest ... business (called retained earnings), and pay a fraction of the profit as a dividend to shareholders.
Description : Gross national product (GNP) means the total value of __________ in a country. (A) Goods produced (B) Gold reserve (C) Earning of the citizens (D) Taxes paid
Last Answer : (A) Goods produced
Description : A firm that break even after all the economic costs are paid in earning (a) Economic profit ; (b) Accounting profit ; (c) Normal profit ; (d) Super normal profit
Last Answer : (c) Normal profit ;
Description : If you were given the opportunity to earn $1,000,000 but first had to willfully spend a larger amount on others, would you do it, and if so, how?
Last Answer : answer:I’d definitely do it. It would be easy for me to find charities and organizations to donate $10,000,000 to—AND work for them. Actually, I’d spend $10,000,000 on my favorite organizations, work for them, and not need the $1,000,000 at the end.
Description : What has been the effect on banks by the increased role of capital markets in mobilizing funds ? 1. It increased the importance of banks 2. it decreased the importance of banks 3. it did not affect the importance of banks 4. it provided an opportunity for banks to earn more 5. none of them
Last Answer : it decreased the importance of banks
Description : An expenditure that has been made and cannot be recovered is called - (1) Variable cost (2) Opportunity cost (3) Sunk cost (4) Operational cost
Last Answer : (3) Sunk cost Explanation: In economics and business decision-making, sunk costs are retrospective (past) costs that have already been incurred and cannot be recovered. Sunk costs are sometimes contrasted ... is taken. The sunk cost is distinct from economic loss. Sunk costs may cause cost overrun.
Description : The addition to total cost by producing an additional unit of out-put by a firm is called - (1) Variable cost (2) Average cost (3) Marginal cost (4) Opportunity cost
Last Answer : (3) Marginal cost Explanation: The addition to total cost by producing an additional unit of output by a firm is called Marginal cost. Average cost is the total cost of producing a given output divided by that output.
Description : Opportunity cost is a/an (a) spill-over cost (b) money cost © alternative cost (d) social cost
Last Answer : © alternative 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
Description : An expenditure that has been made and cannot be recovered is called (1) Variable cost (2) Opportunity cost (3) Sunk cost (4) Operational cost
Last Answer : Sunk cost
Description : What is the use of biochar in farming? 1. Biochar can be used as a part of the growing medium in vertical farming. 2. When biochar is a part of the growing medium, it promotes the growth of nitrogen fixing microorganisms. 3. ... are correct? a) 1 and 2 only b) 2 only c) 1 and 3 only d) 1, 2 and 3
Last Answer : d) 1, 2 and 3
Description : The main determinant of real wage is - (1) extra earning (2) nature of work (3) promotion prospect (4) purchasing power money
Last Answer : (4) purchasing power money Explanation: The term real wages refers to wages that have been adjusted for inflation. This term is used in contrast to nominal wages or unadjusted wages. Real wages provide ... , as opposed to nominal wages, which simply show the monetary value of wages in that year.
Description : The main determinant of real wage is (1) extra earning (2) nature of work (3) promotion prospect (4) purchasing power of money
Last Answer : purchasing power of money
Description : Elasticity of demand measures the A.Sensitivity of sales to changes in a particular causal factor B.Sensitivity of production to changes in a particular cost C.Value of price and cost D.Volume of product
Last Answer : A.Sensitivity of sales to changes in a particular causal factor
Description : The main advantage of specialization results from (a) The economies of large scale production (b) The specializing country behaves like a monopoly © Smaller production runs resulting in lower unit costs. (d) High wages paid to foreign workers.
Last Answer : (a) The economies of large scale production
Description : Rent is a factor payment paid to - (1) land (2) restaurant (3) building (4) factory
Last Answer : (1) land Explanation: Factor Payments refer to payments made to scarce resources, or the factors of production (labour, capital, land, and entrepreneurship), in return for productive services. Wages ... of capital rent is the services for land, and profit is the factor payment to entrepreneurship.
Description : Rent is a factor payment paid to (1) land (2) restaurant (3) building (4) factory
Last Answer : land
Description : Opportunity cost of increasing production of Gun to 5 units in combination F is –tons of bread (a) 200 ; (b) 100 ; (c) 600 ; (d) 500
Last Answer : (c) 600
Description : Opportunity cost of increasing production of Gun to 4 units in combination E is –tons of bread (a) 200 ; (b) 500 ; (c) 300 ; (d) 400
Last Answer : (b) 500
Description : Opportunity cost of increasing production of Gun to 3 units in combination D is –tons of bread (a) 200 ; (b) 100 ; (c) 300 ; (d) 400
Last Answer : ; (d) 400
Description : PPF is negative sloped due to (a) Scarcity of production resources ; (b) Unlimited wants ; (c) Improvement in technology; (d) Increasing opportunity cost
Last Answer : (a) Scarcity of production resources ;
Description : If a firm is operating at loss in the short-period in perfect combination, it should : (1) decrease the production and the price. (2) increase the production and the price (3) continue to operate as long as it covers even the variable costs. (4) shut-down and leave the industry
Last Answer : continue to operate as long as it covers even the variable costs.
Description : Types of oscilloscopes that are able to retain the display for a longer period of analysis. This display is retained by the use of flood gun.
Last Answer : storage oscilloscope
Description : Which of the following valuation methods would most likely not be used for business valuation? a) Discounted Cash Flow b) Net Assets Method c) Multi-period Excess Earning Method d) Industry Price Earnings Ratio
Last Answer : c) Rs.200 crore
Description : A person returning from abroad can retain foreign currency up to what period? -Do You Know?
Last Answer : answer:
Description : Private network can be a richear sorce of digital evidence than they internet (a) They retain data for longer period of time (b) Owener of private network more cooprative with law enforcement (c) Private network contain higher concentration of digital evidence (d) None of these
Last Answer : c) Private network contain higher concentration of digital evidence
Description : 1. What was the main stipulation of Government of India Act, 1935 ? 2. Which compound is known as white vitriol? 3. A person returning from abroad can retain foreign currency up to what period? ... Gupta ruler was a poet and a musician and was adorned with the title of Kaviraja or King of poets?
Last Answer : Answer : 1. Complete independence guaranteed 2. ZnSO4 . 7H2 O 3. 90 days 4. Sulphur dioxide5. Mohenjodaro and Harappa 6. 2014-2024 7. Parthenocarpy 8. Government of India Act, 1858 9. 40% 10 ... Smith 14. 1948 15. Chandragupta Maurya 16. Auxins 17. President 18. Sulphur 19. Jupiter 20. Samudragupta