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The negatively-sloped (i.e. falling) part of the long-run average total cost curve is due to which of the following?

4 units of labour produce 100 units of output and 5 units of labour produce 120 units of output. Calculate MPP of labour.

The marginal product of labor is equal to

Discuss the concept-based on the premise 'do not anticipate profits, but provide for all losses'.

Study the supply curve given below and answer the following question.

If the market price is $4, the producer surplus is ________.

Why is the MC curve U-shaped in the short-run?

De-licensing and abolition of price controls fall under liberalisation of which of the following segments?

The consumer price index in India is continuously rising over the year 2012 and 2013. Which value is compromised with the rising wholesale price index?

Which of the following is the least price elastic?

Which of the following is NOT an assumption associated with the definition of a production function?

The total money value of all final goods and services produced in a country in a year is known as:

Which of the following relations about SAC is true?

Which of the following is/are the criteria for the formality or informality of a firm?

1. Provision for Social Security to the employees.

2. When firms are part of tax net.

3. When firms are registered under the GST.

How does the budget line change, if the consumer's income increases to Rs. 40 but the prices remain unchanged ?

Higher indifference curve represents higher level of satisfaction to the consumer. Explain the statement, also state the underlying assumption related to this property of indifference curve.

OR
A consumer consumes two goods X and Y. Explain what will happen if MUx/Px is greater than MUy/Py?

Why are consumer co-operative stores considered to be less expensive? What are its relative advantages over other large scale retailers?

Write the objectives of Marketing Assistance scheme.

The TC curve gets steeper as production increases because of

Which of the following is a part of economic infrastructure?

What is the shape of the AFC curve?

Competition Commission of India performs which of the following Functions:

Code:

Mid Day Meal is administered by which of the following ministries

Microcredit programme refers to:

If the equilibrium price of a good is greater than its market price, explain all the changes that will take place in the market.

For the short run shutdown decision, which of the following cost is treated as sunk cost?

Which of the following are among the conditions set by the IMF for the loan?

The Indian Sugar Mills Association reported that, 'sugar production during the first fortnight of December, 2001 was about 3,87,000 tonnes, as against 3,78,000 tonnes during the same fortnight last year (2000). The off-take of sugar from factories during the first fortnight of December, 2001 was 2,83,000 tonnes for internal consumption and 41,000 tonnes for exports as against 1,54,000 tonnes for internal consumption and nil for exports during the same fortnight last season'.

(i) Present the data in tabular form.

(ii) Suppose you were to present these data in diagrammatic form which of the diagrams would you use and why?

(iii) Present these data diagrammatically.

___ takes place when the surface soil is washed away through excessive rains and floods.

A line that connects all points where the marginal rate of technical substitution is equal to the ratio of input prices is called the

factors can be increased or decreased in short period of time to adjust supply.

Explain the relationship between marginal revenue and average revenue.

If AVC < P <SAC, then a firm must

Which of these comes under microeconomics?

The Bhopal Gas Tragedy was caused due to ___

The combination of inputs is optimal

Demand for a product should have the following pre-requisite

Vysakh is selling samosas. He already sold 250 samosas. His decision on whether or not to sell the 251st samosa is based on the ___

Which of the following was not part of India's tariff system under British rule?

State the five I’s of services?

If the demand curve is p =20 - 0.5q, what is the total revenue at an output level of 20 units?

Explain any two sources of restricted entry under monopoly.

When price is below equilibrium level, there will be:

Which of the following describes what happens to a consumer's budget line if that consumer's budget increases? The budget line

If the price of a good increases while the quantity of the good exchanged on markets decreases, then the most likely explanation is that there has been

In the pre-industrial revolution era, the global population percentage of countries closely approximated the global GDP percentage. What does this imply?

The three broad types of productive resources are:

Which of the following is expected to improve the marketing system?

Explain the law of variable proportions in terms of the behaviour of total physical product, with the help of a diagram.

If the cost of a computer component falls, _________

Study the supply curve given in the figure.

If the market price is $8, what is the quantity supplied?