Description : Which of the following cannot be U shaped curve (a) AFC curve ; (b) AC curve ; (c) AVC curve ; (d) AMC curve
Last Answer : (a) AFC curve ;
Description : Which of these curve never touch X axis (a) AVC ; (b) AFC ; (c) TC ; (d) MC
Last Answer : (b) AFC ;
Description : Afirm will close down in the short run, if AR is less than (a) AC (b) AVC © MC (d) none of the above
Last Answer : (b) AVC
Description : The slope of total variable cost curve equals…………….. (a) AVC ; (b) MC ; (c) AC ; (d) MPP
Last Answer : (b) MC ;
Description : In short run a monopolistic competition firm will be in equilibrium where (a) MR = curve intersect SMC curve from above (b) MR curve intersect SMC curve from below (c) MC = AR ; (d) MR curve intersect SMC from below and P is equal to or more than AVC
Last Answer : ; (d) MR curve intersect SMC from below and P is equal to or more than AVC
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 : Which of the following statement is true about average cost function (a) ATC= AFC-AVC ; (b) AVC = AFC + ATC ;(c) AFC = ATC+AVC ;(d) ATC = AFC + AVC
Last Answer : ;(d) ATC = AFC + AVC
Description : In the short run, diminishing marginal returns is implied by (a) Rising MC ; (b) Falling MC ; (c) Rising AVC ; (d) Constant TC
Last Answer : (a) Rising MC ;
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 : 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.
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.
Description : Demand curve of a firm under perfect competition is : (1) horizontal to ox-axis (2) negatively sloped (3) positively sloped (4) U - shaped
Last Answer : (1) horizontal to ox-axis Explanation: Under Perfect Competition, the firm faces a horizontal demand curve. It can sell any quantity desired at the market price, but cannot sell anything above the market price.
Description : Average Fixed Cost Curve is (1) Upward sloping (2) ‘U’ shaped (3) ‘V’ shaped (4) Downward sloping
Last Answer : Downward sloping
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
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
Description : Demand curve of a firm under perfect competition is : (1) horizontal to ox-axis (2) negatively sloped (3) positively sloped (4) U – shaped
Last Answer : horizontal to ox-axis
Description : Under perfect market conditions the supply curve of a firm is represented by (a) MC curve ; (b) MR curve ; (c) AR curve ; (d) AC curve
Last Answer : (a) MC curve ;
Description : Which one is not normally possible in case of monopoly? A.MC = MR B.AC = AR C.MR = AR D.MR = P
Last Answer : C.MR = AR
Description : The isoquants in Input Output model is (a) convex to the origin (b) concave to the origin © l shaped. (d) straight line.
Last Answer : © l shaped.
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 : “Higher the indifference curve, higher will be the level of satisfaction” (a) always true (b) always false © sometimes true and sometimes false (d) true only if price effect is positive.
Last Answer : (b) always false
Description : A price consumption curve, traces the utility maximizing combination of two goods when (a) the price of one good changes (b) the consumer’s preference change © the consumer’s income changes (d) the demand curve for one of the goods shifts rightward
Last Answer : (a) the price of one good changes
Description : Marginal rate of substitution is the ___of the indifference curve (a) mean (b) slope © peak (d) inverse
Last Answer : (b) slope
Description : An increase in product price will cause (a) quantity demanded to decrease (b) quantity supplied to decrease © quantity demanded to increase (d) the demand curve to shift to the left
Last Answer : (a) quantity demanded to decrease
Description : The law of diminishing marginal utility is most useful for explaining the (a) Law of supply (b) Law of demand © Shape of production possibility curve (d) curvature of total cost curve
Last Answer : (b) Law of demand
Description : Demand curve remaining the same, if the supply curve shifts to the right then (a) Price and quantity move in the same direction (b) Price and quantity move in the opposite direction © Price and quantity remain unchanged (d) None of the above.
Last Answer : (b) Price and quantity move in the opposite direction
Description : In case of horizontal demand curve , price elasticity of demand is (a) equal to zero (b) equal to one © equal to two (d) infinite
Last Answer : (a) equal to zero
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
Description : The probability of completing the project can be estimated based upon the ____ . (A) Uniform distribution curve (B) Normal distribution curve. (C) U-shaped distribution curve (D) None of the above
Last Answer : (B) Normal distribution curve.
Description : The probability of completing the project can be estimated based upon the . (A)Uniform distribution curve (B)Normal distribution curve. (C)U-shaped distribution curve (D)None of the above
Last Answer : (B)Normal distribution curve.
Description : 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
Last Answer : (b) Kink at the price ;
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
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 ;
Description : The hypothesis that rapid growth of per capita income will be associated with a reduction in poverty is called - (1) trickle down Hypothesis (2) trickle up hypothesis (3) U shaped hypothesis (4) poverty estimation hypothesis
Last Answer : (1) trickle down Hypothesis Explanation: According to the trickle down hypothesis the rapid growth of per capita income will be associated with a reduction in poverty. In India, this ... institution reform will reduce the incidence of poverty in the context of agricultural development in India.
Description : If the average revenue is a horizontal straight line, marginal revenue will be - (1) U shaped (2) Kinked (3) Identical with average revenue (4) L shaped
Last Answer : (3) Identical with average revenue Explanation: The price of a good is also known as the Average Revenue of the firm. Average Revenue (AR) or Price and Marginal Revenue (MR) are identical. ... demand curve. Hence, the competitive demand curve is a horizontal straight line parallel to the OX axis.
Description : The hypothesis that rapid growth of per capita income will be associated with a reduction in poverty is called (1) trickle down Hypothesis (2) trickle up hypothesis (3) U shaped hypothesis (4) poverty estimation hypothesis
Last Answer : trickle down Hypothesis
Description : If the average revenue is a horizontal straight line, marginal revenue will be (1) U shaped (2) Kinked (3) Identical with average revenue (4) L shaped
Last Answer : Identical with average revenue
Description : Why PM-MC meters can't be used for AC measurements?
Last Answer : It wont work for AC measurements. Not designed for ACapplication
Description : If perfectly competitive markets, the profit maximization rule can be represented by: A. Mr = ATC B. P= MC C. P= ATC D. P = AC
Last Answer : ANSWER: B
Description : The degree of Monopoly power can be measured by the formula : (a) (P – MC) / P (b) AR / (AR – MR) (c) MR / (AR – MR) (d) MC / (AR – MR)
Last Answer : (a) (P – MC) / P
Description : In synthetic curves, first-order continuity yields a.a position continuous curve b.a slope continuous curve c.a curvature continuous curve d.none of the above
Last Answer : b.a slope continuous curve
Description : In synthetic curves, zero-order continuity yields a.a position continuous curve b.a slope continuous curve c.a curvature continuous curve d.none of the above
Last Answer : a.a position continuous curve
Description : In synthetic curves, second-order continuity yields a.a position continuous curve b.a slope continuous curve c.a curvature continuous curve d.none of the above
Last Answer : c.a curvature continuous curve
Description : curves allow local control of the curve a.Analytical b.Hermite cubic spline c.Beizer d.B-Spline
Last Answer : d.B-Spline
Description : Find the equation of normals of the following curves at the given points: (i) Curve`y^(2)=4 ax" at point "(at^(2), 2at)`. (ii) Curve `y= e^(x)" at poi
Last Answer : Find the equation of normals of the following curves at the given points: (i) Curve`y^(2)=4 ax" at point "(at^( ... (2)-9y^(2) = 432` at point (6, 4).
Description : Find the equation of tangents of the following curves at the given points: (i) Curve`x^(2) = 25` at point (3, 4) (ii) Curve `y = 2x^(3) + 2x^(2) - 8x+
Last Answer : Find the equation of tangents of the following curves at the given points: (i) Curve`x^(2) = 25` at point (3, 4) ... 2)(x-1) = 4x^(2)` at point (5, 5)
Description : Find the inclination from X-axis of the tangent drawn of the following curves at the given points: (i) Curve`x^(2)-2y^(2)=8` at point (4, 2) (ii) Curv
Last Answer : Find the inclination from X-axis of the tangent drawn of the following curves at the given points: (i) Curve`x^(2)- ... `y^(2)=2x^(3)` at point (2, 4)
Description : Find the slope of tengents drawn of the following curves at the given points: (i) Curve ` y =x^(3)+1` at point (0, 1) (ii) Curve ` x^(2)-y^(2)` = 20 a
Last Answer : Find the slope of tengents drawn of the following curves at the given points: (i) Curve ` y =x^(3)+1` at point ... 4" ax at point "(a/m^(2),(2a)/m)`
Description : The torque and current curves for a three-phase induction motor with a cage rotor, are shown in the illustration. Which of the following statements is true concerning the depicted curves? EL-0056 A. As slip ... D. If the motor is loaded to the point where 40% slip has resulted, it will stall.
Last Answer : Answer: D
Description : When acetone is added in a two layer mixture of methyl isobutyl ketone and water at 30°C, the acetone distributes between the two layers and the composition of the layer follows two solubility curves. For this system ... at the concentration of the plait point (D) All (A), (B) and (C
Last Answer : (D) All (A), (B) and (C