Long run supply curve of a increasing cost industry is (a) Horizontal line overlapping X axis ; (b) Upward sloping line; (c) Downward sloping line ; (d) Vertical line

Long run supply curve of a increasing cost industry is (a) Horizontal line overlapping X axis ; (b) Upward sloping line; (c) Downward sloping line ; (d) Vertical line 
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Answer :

(b) Upward sloping line; 
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Long run supply curve of a decreasing cost industry is (a) Downward sloping curve ; (b) Upward sloping curve; (c) Straight line parallel to X axis ; (d) Straight line parallel to y axis

Description : Long run supply curve of a decreasing cost industry is (a) Downward sloping curve ; (b) Upward sloping curve; (c) Straight line parallel to X axis ; (d) Straight line parallel to y axis

Last Answer : (a) Downward sloping curve ;

Long run supply curve of a constant cost industry is (a) Horizontal line at a price that is equal to the long run minimum average cost of production; (b) Horizontal line overlapping X axis ; (c) Vertical line at mid of X axis ; (d) Vertical line overlapping Y axis

Description : Long run supply curve of a constant cost industry is (a) Horizontal line at a price that is equal to the long run minimum average cost of production; (b) Horizontal line overlapping X axis ; (c) Vertical line at mid of X axis ; (d) Vertical line overlapping Y axis 

Last Answer : (a) Horizontal line at a price that is equal to the long run minimum average cost of production; 

A perfectly elastic supply curve will be (a) Parallel to Y axis or a vertical line ; (b) Parallel to X axis; (c) U shaped ; (d) Downward sloping

Description : A perfectly elastic supply curve will be (a) Parallel to Y axis or a vertical line ; (b) Parallel to X axis; (c) U shaped ; (d) Downward sloping

Last Answer : the aggregate demand curve

A perfect inelastic supply curve will be (a) Parallel to Y axis or a vertical line ; (b) Parallel to X axis ; (c) U shaped; (d) Downward sloping

Description : A perfect inelastic supply curve will be (a) Parallel to Y axis or a vertical line ; (b) Parallel to X axis ; (c) U shaped; (d) Downward sloping

Last Answer : (a) Parallel to Y axis or a vertical line ;

The dry-bulb temperature scale is read on a psychrometric chart along the: a. Left vertical axis b. Right vertical axis c. Saturation line and sloping downward to the right d. Top horizontal axis e. Horizontal axis on the bottom of the chart

Description : The dry-bulb temperature scale is read on a psychrometric chart along the: a. Left vertical axis b. Right vertical axis c. Saturation line and sloping downward to the right d. Top horizontal axis e. Horizontal axis on the bottom of the chart

Last Answer : ANSWER : E

If a firms cost of raw material decreases then (a) Marginal cost curve will shift downward ; (b) Marginal cost curve will shift upward (c) Market price will go down ; (d) Market price will go up

Description : If a firms cost of raw material decreases then (a) Marginal cost curve will shift downward ; (b) Marginal cost curve will shift upward (c) Market price will go down ; (d) Market price will go up 

Last Answer : (a) Marginal cost curve will shift downward ;

If a firms cost of raw material increases then (a) Market price of the final product will also increase (b) Equilibrium level of quantity also increases ; (c) Marginal cost curve will shift upward (d) Marginal cost curve will shift downward

Description : If a firms cost of raw material increases then (a) Market price of the final product will also increase (b) Equilibrium level of quantity also increases ; (c) Marginal cost curve will shift upward (d) Marginal cost curve will shift downward

Last Answer : ; (c) Marginal cost curve will shift upward

Which of the following faces a downward sloping demand curve (a) Firm in a competitive market ; (b) Firm in a monopoly market ; (c) Both ; (d) None

Description : Which of the following faces a downward sloping demand curve (a) Firm in a competitive market ; (b) Firm in a monopoly market ; (c) Both ; (d) None

Last Answer : (b) Firm in a monopoly market ;

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

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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 

Demand curve of an Oligopoly firm is characterized by (a) Horizontal to X axis ; (b) Kink at the price ; (c) U shaped curve ; (d) A liner line

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Last Answer : (b) Kink at the price ;

Economic growth is best depicted by (a) Outward shift in PPF ; (b) Upward movement in PPF ; (c) Inward movement in PPF (d) Downward movement in PPF

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Last Answer : (a) Outward shift in PPF ; 

The vertical flow of communication from lower level to one or more higher levels is _____________. (a) Upward communication ; (b) Downward communication ; (c) Formal Communication (d) Horizontal communication

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Last Answer : (a) Upward communication ; 

The demand curve for a Giffen good is (1) upward rising (2) downward falling (3) parallel to the quantity axis (4) parallel to the price axis

Description : The demand curve for a Giffen good is (1) upward rising (2) downward falling (3) parallel to the quantity axis (4) parallel to the price axis

Last Answer : (1) upward rising Explanation: A Giffen good is a good whose consumption in-creases as its price increases. (For a normal good, as the price increases, consumption decreases.) Thus, the ... a price changes the income effect outweighs the substitution effect and this leads to perverse demand curve.

The demand curve for a Giffen good is (1) upward rising (2) downward falling (3) parallel to the quantity axis (4) parallel to the price axis

Description : The demand curve for a Giffen good is (1) upward rising (2) downward falling (3) parallel to the quantity axis (4) parallel to the price axis 

Last Answer : upward rising

A supply curve parallel to X axis means the product supply is (a) Limited ; (b) Unlimited ; (c) Not available ; (d) None

Description : A supply curve parallel to X axis means the product supply is (a) Limited ; (b) Unlimited ; (c) Not available ; (d) None

Last Answer : ; (b) Unlimited ;

A supply curve passing through any point on X axis(quantity) will have elasticity (a) Less than 1 ; (b) More than 1 ; (c) Just one ; (d) Zero

Description : A supply curve passing through any point on X axis(quantity) will have elasticity (a) Less than 1 ; (b) More than 1 ; (c) Just one ; (d) Zero 

Last Answer : (a) Less than 1 ;

Total fixed cost curve is - (1) Vertical (2) Horizontal (3) Positively Sloping (4) Negatively sloping

Description : Total fixed cost curve is - (1) Vertical (2) Horizontal (3) Positively Sloping (4) Negatively sloping

Last Answer : (2) Horizontal Explanation: The Total Fixed Cost Curve is a curve that graphically represents the relation between total fixed cost incurred by a firm in the short-run product of a good or service and the ... cost are, in fact, fixed, the total fixed cost curve is, in fact, a horizontal line.

Total fixed cost curve is (1) Vertical (2) Horizontal (3) Positively Sloping (4) Negatively sloping

Description : Total fixed cost curve is (1) Vertical (2) Horizontal (3) Positively Sloping (4) Negatively sloping

Last Answer : Horizontal

A typical demand curve will normally have a (a) positive slope ; (b) horizontal slope ;(c) vertical slope ; (d) negative slope

Description : A typical demand curve will normally have a (a) positive slope ; (b) horizontal slope ;(c) vertical slope ; (d) negative slope

Last Answer : (d) negative slope 

Supply curve passing through any point on Y axis(Price) will have elasticity (a) Less than 1 ; (b) More than 1 ; (c) Just One ; (d) Zero

Description : Supply curve passing through any point on Y axis(Price) will have elasticity (a) Less than 1 ; (b) More than 1 ; (c) Just One ; (d) Zero

Last Answer :  (b) More than 1

A shift outward in supply curve will result in equilibrium price (a) increasing and quantity increasing ; (b) increasing and quantity decreasing ; (c) decreasing and quantity increasing ; (d) decreasing and quantity decreasing

Description : A shift outward in supply curve will result in equilibrium price (a) increasing and quantity increasing ; (b) increasing and quantity decreasing ; (c) decreasing and quantity increasing ; (d) decreasing and quantity decreasing

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Any point beyond PPF curve can be attained by (a) Increasing supply of factor inputs ; (b) Technological innovation ; (c) Both ; (d) None

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According to traditional approach the factor responsible for operation of downward slope of demand curve are (a) Change in number of consumers ; (b) Law of decreasing marginal utility (c) Alternative uses of goods ; (d) All the three

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Last Answer : (d) All the three

Marginal cost curve is (a) Positively sloped ; (b) Negatively sloped ; (c) Parallel to X axis ; (d) Parallel to Y axis

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Last Answer : (a) Positively sloped

If the plane table is not horizontal in a direction at right angles to the alidade, the line of sight is parallel to the fiducial edge only for (A) Horizontal sights (B) Inclined sights upward (C) Inclined sight downward (D) None of these

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Last Answer : (A) Horizontal sights

The adiabatic saturation curve for a vapour-gas mixture is (A) Straight line (B) Slightly concave upward (C) Slightly concave downward (D) None of these

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The demand curve facing a perfectly competitive firm is - (1) downward sloping (2) perfectly inelastic (3) a concave curve (4) perfectly elastic

Description : The demand curve facing a perfectly competitive firm is - (1) downward sloping (2) perfectly inelastic (3) a concave curve (4) perfectly elastic

Last Answer : (4) perfectly elastic Explanation: A perfectly competitive industry is comprised of a. large number of relatively small firms that sell identical products. Each perfectly competitive firm is so small ... at the going market price. This translates into a horizontal or perfectly elastic demand curve.

The demand curve facing a perfectly competitive firm is (1) downward sloping (2) perfectly inelastic (3) a concave curve (4) perfectly elastic

Description : The demand curve facing a perfectly competitive firm is (1) downward sloping (2) perfectly inelastic (3) a concave curve (4) perfectly elastic

Last Answer :  perfectly elastic

Pick up the correct statement from the following: (A) If the slope of the curve of a mass diagram in the direction of increasing abscissa is downward, it indicates an embankment (B) The vertical distance between a maximum ordinate and the next forward maximum ordinate represents the whole volume of the embankment (C) The vertical distance between a minimum ordinate and the next forward maximum ordinate represents the whole volume of a cutting (D) All the above

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Last Answer : (D) All the above

The negatively sloped part of long run cost curve of a firm is due to (a) Increase in production due to specialization and division of labour; (b) Diseconomies of scale ; (c) Diminishing returns to scale ; (d) Marginal utility theory

Description : The negatively sloped part of long run cost curve of a firm is due to (a) Increase in production due to specialization and division of labour; (b) Diseconomies of scale ; (c) Diminishing returns to scale ; (d) Marginal utility theory

Last Answer : (a) Increase in production due to specialization and division of labour;

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

Description : 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

Last Answer : (b) Diseconomies of scale;

Which of the following statement is true (a) Monopolist are price takers ; (b) Monopoly firm earn abnormal profits; (c) A Monopoly firm faces straight demand line ; (d) Supply curve of a monopoly firm is positive sloped

Description : Which of the following statement is true (a) Monopolist are price takers ; (b) Monopoly firm earn abnormal profits; (c) A Monopoly firm faces straight demand line ; (d) Supply curve of a monopoly firm is positive sloped

Last Answer : (a) Monopolist are price takers ;

Which of these curve never touch X axis (a) AVC ; (b) AFC ; (c) TC ; (d) MC

Description : Which of these curve never touch X axis (a) AVC ; (b) AFC ; (c) TC ; (d) MC

Last Answer :  (b) AFC ;

A Monopoly‟s demand curve is (a) Same as its average revenue curve ; (b) Same as its supply curve; (c) Same as its cost curve ; (d) Same as that of the factor inputs

Description : A Monopoly‟s demand curve is (a) Same as its average revenue curve ; (b) Same as its supply curve; (c) Same as its cost curve ; (d) Same as that of the factor inputs

Last Answer : (a) Same as its average revenue curve ;

Change in cost of production of the concerned goods causes (a) The demand curve to shift ; (b) The supply curve to shift ; (c) Increase in quantity demanded; (d) Decrease in quantity supplied

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Last Answer : (b) The supply curve to shift ;

In the long run price is governed by …………. (a) Cost of Production ; (b) Demand supply forces ; (c) Marginal utility ; (d) None

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Last Answer : (a) Cost of Production ;

A particle is thrown vertically upward. When it reaches the highest point, it has – (1) a downward acceleration (2) an upward acceleration (3) a downward velocity (4) a horizontal velocity

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Grapevine is also known as (a) Informal communication (b) Horizontal communication (c) Upward communication (d) Downward communication

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Last Answer : (a) Informal communication

The direction in which the formal communication flows is always (a) Upward (b) Downward (c) Horizontal (d) All of these

Description : The direction in which the formal communication flows is always (a) Upward (b) Downward (c) Horizontal (d) All of these

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Last Answer : (d) None of given options 

A particle is thrown vertically upward. When it reaches the highest point, it has (1) a downward acceleration (2) an upward acceleration (3) a downward velocity (4) a horizontal velocity

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Last Answer : a downward acceleration

In which of the following cases, it is possible for flow to occur from low pressure to high pressure? (A) Flow of liquid upward in a vertical pipe (B) Flow through a converging section (C) Flow of air downward in a pipe (D) Impossible in a constant cross-section conduit

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Last Answer : (B) Flow through a converging section

If the loading on a pre-stressed rectangular beam, is uniformly distributed, the tendon to be provided should be. (A) Straight below centroidal axis (B) Parabolic with convexity downward (C) Parabolic with convexity upward (D) Straight above centroidal axis

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Last Answer : Answer: Option B

A simply supported rectangular beam is uniformly loaded and is prestressed. The tendon provided for prestressing should be (a) Straight, above centroidal axis (b) Straight, below centroidal axis (c) parabolic, with convexity upward (d) Parabolic, with convexity downward

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Last Answer : (d) Parabolic, with convexity downward

An increase in temperature on the top fibre of a simply supported beam will cause (a) Downward deflection (b) Upward deflection (c) No deflection (d) Angular rotation about neutral axis

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An exceptional demand curve is one that moves - (1) upward to the right (2) downward to the right (3) horizontally (4) vertically

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An exceptional demand curve is one that moves (1) upward to the right (2) downward to the right (3) horizontally (4) vertically

Description : An exceptional demand curve is one that moves (1) upward to the right (2) downward to the right (3) horizontally (4) vertically

Last Answer : downward to the right

Market demand curve for a commodity is a (a) Horizontal summation of all the individual demand curve for that product (b) Summation of demand curve of competitive products (c) Demand curve of average demand and price of previous six months (d) Projected demand schedule for next three months

Description : Market demand curve for a commodity is a (a) Horizontal summation of all the individual demand curve for that product (b) Summation of demand curve of competitive products (c) Demand curve of average demand and price of previous six months (d) Projected demand schedule for next three months

Last Answer : (a) Horizontal summation of all the individual demand curve for that product 

Market demand curve for a commodity is (a) Horizontal summation of the individual demand curve for the commodity; (b) Summation of individual demand curve for 3 years; (c) Demand curve of complementary goods ; (d) Demand curve of supplementary goods

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Last Answer : (a) Horizontal summation of the individual demand curve for the commodity;