Description : Marginal cost refers to a). Additional cost from taking a course of action b). Increase in cost accompanies a unit increase in output c). Cost of producing one more unit of a good d). All
Last Answer : d). All
Description : The cost of any activity measured in terms of the value of the next best alternative forgone a). Economic cost b). Variable cost c). Opportunity cost d). Marginal cost
Last Answer : c). Opportunity cost
Description : A cost independent of the quantity of goods and services produced a). Variable cost b). Fixed cost c). Opportunity cost d). Marginal cos
Last Answer : b). Fixed cost
Description : Economic cost is the sum of________ a). Variable and fixed costs b). Variable, fixed and opportunity costs c). Fixed and opportunity costs d). Variable, fixed and marginal costs
Last Answer : b). Variable, fixed and opportunity costs
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 : 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 : Net returns a). Gross return – Fixed cost – Variable cost b). Gross return – Variable cost c). Gross return – Fixed cost d). Gross return – Total cost i) a & b, ii) a & c, iii) a & d, iv) b & d
Last Answer : iii) a & d
Description : Marginal cost is defined as____ a). Cost that arises when the quantity produced changes by one unit b). Cost of producing one more unit of a good c). Increase in cost that accompanies a unit in crease in output d). All the above
Last Answer : d). All the above
Description : performance of naphthalic anhydride against EPTC was marginal in which type of soils a).clay b). clay loam c). loamy d). sandy silt
Last Answer : d). sandy silt
Description : When marginal cost is equal to marginal revenue, the firm should A)produce more to increase profits. B)produce less to decrease total costs. C)stop producing additional units to maximise profits. D)provide discounts to encourage purchases.
Last Answer : C)stop producing additional units to maximise profits.
Description : Marginal cost is defined as……………………. (a) Change in total cost due to addition of one unit ; (b) Total cost divided by additional unit; (c) Total cost divided by total units produced ; (d) Total sales / Total production
Last Answer : (a) Change in total cost due to addition of one unit ;
Description : Equilibrium output is deter-mined by: (1) the equality between total Variable cost and Marginal revenue. (2) the equality between Marginal cost and Marginal revenue. (3) the equality between Average cost and Average revenue. (4) the equality between total cost and total revenue.
Last Answer : (2) the equality between Marginal cost and Marginal revenue. Explanation: Equilibrium Output refers to the level of output where the Aggregate Demand is equal to the Aggregate Supply (AD = AS) in an ... because it adds to its profits. He stops producing more only when MC becomes equal to MR.
Description : Direct material cost + direct labor cost + other variable costs is equal to… A. Contribution B. Total cost C. Marginal cost D. Sales
Last Answer : A sales forecast is only......
Description : Marginal cost is computed as A. Prime cost + All Variable overheads B. Direct material + Direct labour + Direct Expenses + All variable overheads C. Total costs – All fixed overheads D. All of the above
Last Answer : A. Prime cost + All Variable overheads
Description : Total profit of a firm in a perfect competitive market is – (a) Total revenue less total cost ; (b) Marginal revenue less marginal cost; (c) Total revenue less marginal cost ; (d) Total revenue less variable cost
Last Answer : (a) Total revenue less total cost ;
Description : Total variable cost curve is explained by (a) Law of the diminishing marginal returns ; (b) The price of the variable inputs; (c) Production function ; (d) All the three
Last Answer : ; (d) All the three
Description : Total cost is the arithmetic sum of (a) AFC and AVC ; (b) FC and Variable cost ; (c) Marginal cost and variable cost; (d) Sunk cost and fixed cost
Last Answer : (b) FC and Variable cost ;
Description : Marginal product is…………. (a) Rate at which total production changes with change in variable input; (b) Rate at which total production changes with change in total cost; (c) Rate at which total production changes with change in fixed cost ; (d) None
Last Answer : (a) Rate at which total production changes with change in variable input;
Description : Equilibrium output is determined by: (1) the equality between total Variable cost and Marginal revenue. (2) the equality betweem Marginal cost and Marginal revenue. (3) the equality between Average cost and Average revenue. (4) the equality between total cost and total revenue.
Last Answer : the equality betweem Marginal cost and Marginal revenue.
Description : 1. Which of the following concepts represents the extra revenue a firm receives from the services of an additional unit of a factor of production? a. total revenue b. marginal physical product c. marginal revenus product d. marginal revenue
Last Answer : c. marginal revenus product
Description : What is "mpc" or the 'marginal propensity to consume'? a) the proportion of total additional planned savings to total additional income b) the proportion of total additional income to total additional ... c) the fraction of total additional income that is used for consumption d) none of the above
Last Answer : : c) the fraction of total additional income that is used for consumption
Description : What is "mps" or the 'marginal propensity to save'? a) the proportion of total additional planned savings to total additional income b) the proportion of total additional income to total additional ... c) the fraction of total additional income that is used for consumption d) none of the above
Last Answer : a) the proportion of total additional planned savings to total additional incom
Description : An ingredient added to a formulation for enhancing the action of toxicant is called a). Adsorbent b). Adjuvant c). Antidote d). Active ingredient
Last Answer : b). Adjuvant
Description : From site of uptake to site of action, fluazi fop-butyl move in a). water conducting stream b). sap conducting stream c). Both d). None
Last Answer : c). Both
Description : Inhibition of electron transfer in photosys tem II is the reason for herbicide action in a). Nitriles b). Ureas c). Both a and b d). None
Last Answer : d). None
Description : How many modes of action commer cialized between 1970 and 1985 a).6 b).9 c).10 d).12
Last Answer : d).12
Description : Herbicide Resistance can be managed through a). Stop to Use of herbicides with the same mechanism of action b). Use proactive weed control c). Use of post emergence herbicides with at least one mechanism of action d). All of the above
Last Answer : d). All of the above
Description : Multiple resistance is the phenomenon in which a weed is resistant to two or more herbicides having a). same mechanisms of action b). different mechanisms of action c). same chemistry d). different chemistry
Last Answer : b). different mechanisms of action
Description : Which herbicide mode of action is pigment inhibitor? a). MCPA b). Fluchloralin c). Chlomazone d). 2,4-D
Last Answer : c). Chlomazone
Description : The mode of action of paraquat is a). Amino acid synthesis inhibition b). Pigment inhibition c). Cell membrane disruption d). Shoot inhibition
Last Answer : c). Cell membrane disruption
Description : The mode of action of Isoproturon is a). Root inhibitor b). Shoot inhibitor c). Photosynthesis inhibition d). Amino acid inhibition
Last Answer : c). Photosynthesis inhibition
Description : The mode of action of Atrazine is a). Pigment inhibition b). Cell membrane disruption c). Seedling growth inhibition d). Photosynthesis inhibition
Last Answer : d). Photosynthesis inhibition
Description : The mode of action of thiocarbonates is a). Lipid inhibitor b). Cell membrane dispruption c). Pigment inhibitor d). Shoot inhibitor
Last Answer : d). Shoot inhibitor
Description : Which herbicide’s mode of action is root growth inhibition? a). Fluchloralin b). MCPA c). Glyphosate d). Alachlor
Last Answer : d). Alachlor
Description : The mode of action of dinitroanilines a). Shoot growth inhibitor b). Lipid inhibitor c). Root growth inhibitor d). Amino acid inhibitor
Last Answer : c). Root growth inhibitor
Description : What is the mode of action of diclofop a). Root inhibition b). Shoot inhibition c). lipid inhibition d). Photosynthesis inhibition
Last Answer : c). lipid inhibition
Description : What is the mode of action of sulfonamide herbicide a). Amino acid synthesis inhibitor b). Photosynthesis inhibitor c). Lipid inhibitor d). Pigment inhibitor
Last Answer : a). Amino acid synthesis inhibitor
Description : Mode of action of isoproturon a). PSII inhibition b). ACCase inhibition c). Glutamine synthatase inhibition d). Cell division inhibition
Last Answer : a). PSII inhibition
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
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 : 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 : 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 of the following costs is related to marginal cost? (1) Variable Cost (2) Implicit Cost (3) Prime Cost (4) Fixed Cost
Last Answer : (1) Variable Cost Explanation: In economics, marginal cost is the change in the total cost that arises when the quantity produced is Incremented by one unit. That is, it is the cost of producing one more ... in the short run. It is only the variable costs that vary with output in the short run.
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.
Description : Under perfect competition, the industry does not have any excess capacity because each firm produces at the minimum point on its - (1) long-run marginal cost curve (2) long-run average cost curve (3) long-run average variable cost curve (4) long-run average revenue curve
Last Answer : (2) long-run average cost curve Explanation: Under perfect competition, the firms operate at the minimum point of long-run average cost curve. In this way, the actual longrun output of ... ideal output. This gives the mea-sure of excess capacity which lies unutilized under imperfect competition.
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
Description : Which of the following statements are true? (a) Marginal costing is not an independent system of costing. (b) In marginal costing all elements of cost are divided into fixed and variable components. (c) In marginal costing fixed ... cost analysis. A. A and B B. B and C C. A and D D. B and D
Last Answer : A. A and B
Description : Marginal cost can be equal to Average variable cost when (a) Average variable cost is falling ; (b) Average variable cost is increasing; (c) Average variable cost is constant ; (d) Under any of the above situations
Last Answer : (c) Average variable cost is constant ;
Description : Variable cost is also known as (a) Incremental cost ; (b) Marginal cost ; (c) Differential cost ; (d) All the three
Last Answer : (d) All the three