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In the long run under which competition a firm may earn super normal profits?
In Law of negative returns (Third stage of Law of variable proportions)
If firm ’s average cost curve is falling then marginal curve must be:
Which of the following has the lowest price elasticity of supply?
Product differentiation is the most important feature of:
Relationship between AR, MR and Price elasticity of demand is
In a perfectly competitive firm, MC curve above AVC is the _____ Curve of the firm
Questions like what should be the level of national inc om e, what should be the wage rate fall within the scope of:
Which of the following is not one of the features of capitalist economy?
Which is not the assumption of Indifference curve Analysis?
The horizontal demand curve parallel to x-axis implies that the elasticity of demand is
A firm has variable cost of Rs. 1,000 at 5 units of output. If fixed cost are Rs. 400, what will be the average total cost at 5 units of output?
In case of an inferior good the income elasticity of demand is:
When quantity demanded changes by larger percentage than does price, elasticity is termed as:
Which of the following is not included in the stages of capital formation?
In perfect competition in the long run there will be ___________
In which form of the market structure is the degree of control over the price of its product by a firm is very large?
If the proportion of income spent on a goods decrease as income rises then income elasticity is:
If two goods are totally unrelated, then cross elasticity between them is:
Which of the following is considered production in Economics?
A firm operating in perfect competition sells as much as of its products as it chooses at a market price of Rs. 100 per unit. It Fixed cost is Rs. 300 and its Variable cost for different levels of production are shown in the above table.
Q. When production is 40 units, the average cost is:
A firm operating in perfect competition sells as much as of its products as it chooses at a market price of Rs. 100 per unit. It Fixed cost is Rs. 300 and its Variable cost for different levels of production are shown in the above table.
Q. In the table, marginal cost per unit that corresponds to 40 units of production is:
A firm operating in perfect competition sells as much as of its products as it chooses at a market price of Rs. 100 per unit. It Fixed cost is Rs. 300 and its Variable cost for different levels of production are shown in the above table.
Q. To maximize profit the firm should produce:
A firm operating in perfect competition sells as much as of its products as it chooses at a market price of Rs. 100 per unit. It Fixed cost is Rs. 300 and its Variable cost for different levels of production are shown in the above table.
Q. If the market price drops from Rs. 100 to Rs. 56 per unit, the firm’s short run response should be
When we are studying how a producer fixes the price of his products we are studying
Macro economics doesn’t include one example from the following:
Identify the factor which generally keeps the price-elasticity of a demand for a good high.
Under which market structure, the control of firm over price is nil?
If as a result of 80 percent increase in all inputs, the output increases by 25 percent, this is a case of:
When marginal product is negative, then total product is:
Suppose that an owner is earning total revenue of Rs. 1,00,000 and is increasing explicit cost of Rs. 60,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude that:
Peaks and troughs of the business cycle are collectively known as:
The occupation in which people work for others and get remunerated in return is known as:
The price sensitivity of the market is an important factor of which element of Micro environment:
Which of the following institutions has been scrapped recently?
The Indian Companies Act provides for the registration of:
Environment which is close to business and affect its capacity to work is known as _______ environment:
In case of Maruti–Suzuki, the Union Governm ent surrendered partial ownership and sold the majority stake to Suzuki of Japan in course of time. This is a case of:
Which of the following constitute Demographic Environment?
Marketing mix includes 4 Ps and 4Cs. Match the following and prepare the proper combinations:
What is the single word that can best describe today’s business?
Which one of the following is an Indian Regulatory Body that facilitates business organizations?
When two or more companies come together to expand their business operations in a newly created entity.
Which company ranked 3rd on Forbes World’s Best Employer’s List 2018?
Identify the one which may be considered as a public policy:
Who was the regulatory body for controlling financial affairs in India before SEBI?
Which of the following statements distinguishes business from entrepreneurship?
Which pharmaceutical company has the slogan ‘caring for life’?
91 docs|19 tests
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91 docs|19 tests
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