In the short run which of the following is fixed (a) Labour ; (b) Capital ; (c) Raw material ; (d) None

In the short run which of the following is fixed (a) Labour ; (b) Capital ; (c) Raw material ; (d) None
by

1 Answer

Answer :

(b) Capital ;
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In economics, in the long run all the cost…………. (a) Are fixed ; (b) Are variable ; (c) Except labour are variable ; (d) Are non controllable

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In economic theory, in the short run all the cost are…………… (a) Fixed ; (b) Variable ; (c) Controllable ; (d) Semi variable

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If total production increases in the short run, the total cost will also…….. (a) Increase due to increase in fixed cost ; (b) Increase due to increase in variable cost (c) Increase due to increase in total cost ; (d) Remain constant

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Which of the following is/ are not an economic resource (a) Land ; (b) Capital ; (c) Labour ; (d) Air

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Which of these is associated with a monopolistic competitive market – (a) Product differentiation ; (b) Homogeneous Product ; (c) Normal in short run; (d) Single buyer

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The positively sloped part of long run cost curve of a firm is due to (a) Economies of scale ; (b) Diseconomies of scale; (c) Diminishing returns to scale ; (d) Marginal utility theory

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Which one of the following is normally NOT included in production cost ? (a) Cost of raw material (b) Cost of labour (c) Cost of advertisement (d) indirect material cost

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Process B had no opening inventory. 13,500 units of raw material were transferred in at Rs 4.50 per unit. Additional material at Rs1.25per unit was added in process. Labour and overheads were Rs 6.25 per completed unit and Rs 2.50 per unit incomplete. If 11,750completed units were transferred out, what was the closing inventory in Process B? (a) Rs. 6562.50 (b) Rs. 12,250.00 (c) Rs. 14,437.50 (d) Rs. 25,375.00

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___________ occupies the central place in business. A. People. B. Raw material. C. Labour. D. Finished goods.

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SLR stands for (a) Short liquid rupee ; (b) Statutory liquid ratio ; (c) Statutory liquid Rupee ; (d) Shorter long rung

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GDP is defined as (a) The market value of all goods and services produced in the domestic economy during the year ; (b) Current value of all the capital goods produced in the country. ; (c) Sum of goods and services exported during the year. ; (d) All the capital goods and consumable goods produced and sold during the year

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