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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 11 knowledge and support exam preparation. Choose a topic below to get started.
| 6801. |
What happens to equilibrium price of a commodity If there is 'decrease' in its demand and 'Increase' in its supply? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/equilibrium-974342" style="font-weight:bold;" target="_blank" title="Click to know more about EQUILIBRIUM">EQUILIBRIUM</a> <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> will <a href="https://interviewquestions.tuteehub.com/tag/fall-983217" style="font-weight:bold;" target="_blank" title="Click to know more about FALL">FALL</a>.</body></html> | |
| 6802. |
Mention one factor that causes a rightward shift in the supply curve. OR Give one reason for an increase in supply of a commodity. |
| Answer» <html><body><p></p>Solution : <a href="https://interviewquestions.tuteehub.com/tag/decrease-946104" style="font-weight:bold;" target="_blank" title="Click to know more about DECREASE">DECREASE</a> in the price of inputs is <a href="https://interviewquestions.tuteehub.com/tag/one-585732" style="font-weight:bold;" target="_blank" title="Click to know more about ONE">ONE</a> of the factors which willincrease the supply of the <a href="https://interviewquestions.tuteehub.com/tag/commodity-923558" style="font-weight:bold;" target="_blank" title="Click to know more about COMMODITY">COMMODITY</a>.</body></html> | |
| 6803. |
"To achieve producer's equilibrium when MC curve should cut the MR curve from below" Defend or refute. |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :N/a</body></html> | |
| 6804. |
There are only a few sellers under : |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/perfect-1150611" style="font-weight:bold;" target="_blank" title="Click to know more about PERFECT">PERFECT</a> <a href="https://interviewquestions.tuteehub.com/tag/competition-423521" style="font-weight:bold;" target="_blank" title="Click to know more about COMPETITION">COMPETITION</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/oligopoly-585440" style="font-weight:bold;" target="_blank" title="Click to know more about OLIGOPOLY">OLIGOPOLY</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/monopoly-1101092" style="font-weight:bold;" target="_blank" title="Click to know more about MONOPOLY">MONOPOLY</a> <br/>oligopoly.</p>Answer :D</body></html> | |
| 6805. |
Wage rate of 19 workers is given below: {:("Wages(Rs.)",10,20,30,40,50),("Number of Workers",4,5,3,2,5):} Calculate arithmetic mean, using 'Step-deviationMethod. |
| Answer» <html><body><p></p>Solution :<img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/TRJ_ECO_XI_C09_S01_005_S01.png" width="80%"/> <br/> `barX=A+(sumfd')/(sumf)<a href="https://interviewquestions.tuteehub.com/tag/xxc-2340061" style="font-weight:bold;" target="_blank" title="Click to know more about XXC">XXC</a>` <br/> `A=30,C=10 and (sumfd')/(sumf)=(-1)/19=-0.053` <br/> Putting these <a href="https://interviewquestions.tuteehub.com/tag/values-25920" style="font-weight:bold;" target="_blank" title="Click to know more about VALUES">VALUES</a> in the formula: <br/> `barX=30+(-1)/19xx10=30-0.053xx10` <br/> `=30-0.053=29.47` <br/> <a href="https://interviewquestions.tuteehub.com/tag/arithmetic-15417" style="font-weight:bold;" target="_blank" title="Click to know more about ARITHMETIC">ARITHMETIC</a> <a href="https://interviewquestions.tuteehub.com/tag/mean-1091459" style="font-weight:bold;" target="_blank" title="Click to know more about MEAN">MEAN</a> = Rs. 29.47.</body></html> | |
| 6806. |
In case of _______ in supply, supply of the good rises at the same price : |
| Answer» <html><body><p>decrease<br/>increase<br/>extension<br/>contration</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a></body></html> | |
| 6807. |
What is Marginal rate of substitution (MRS)? |
| Answer» <html><body><p><br/></p>Solution :Marginal rate of substitution is the <a href="https://interviewquestions.tuteehub.com/tag/amount-374803" style="font-weight:bold;" target="_blank" title="Click to know more about AMOUNT">AMOUNT</a> of good 2 that the consumer is <a href="https://interviewquestions.tuteehub.com/tag/willing-2335259" style="font-weight:bold;" target="_blank" title="Click to know more about WILLING">WILLING</a> to give up for getting an extra <a href="https://interviewquestions.tuteehub.com/tag/unit-1438166" style="font-weight:bold;" target="_blank" title="Click to know more about UNIT">UNIT</a> of good <a href="https://interviewquestions.tuteehub.com/tag/1-256655" style="font-weight:bold;" target="_blank" title="Click to know more about 1">1</a>.</body></html> | |
| 6808. |
Perfectly elasticy demand is represented by a curve which is |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/prallel-2947436" style="font-weight:bold;" target="_blank" title="Click to know more about PRALLEL">PRALLEL</a> to Y-<a href="https://interviewquestions.tuteehub.com/tag/axis-889931" style="font-weight:bold;" target="_blank" title="Click to know more about AXIS">AXIS</a> <br/>rectangular hyoperbola<br/>parallell to X -axis <br/>Strainght <a href="https://interviewquestions.tuteehub.com/tag/line-1074199" style="font-weight:bold;" target="_blank" title="Click to know more about LINE">LINE</a> downward sloping.</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html> | |
| 6809. |
Which term is used when less quantity is supplied with a fall in the price of a commodity? |
| Answer» <html><body><p></p>Solution :when the <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> of commodity <a href="https://interviewquestions.tuteehub.com/tag/decreases-946143" style="font-weight:bold;" target="_blank" title="Click to know more about DECREASES">DECREASES</a>, the quantity <a href="https://interviewquestions.tuteehub.com/tag/supplied-3090548" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPLIED">SUPPLIED</a> of it <a href="https://interviewquestions.tuteehub.com/tag/also-373387" style="font-weight:bold;" target="_blank" title="Click to know more about ALSO">ALSO</a> decreases it is called the contraction of supply. It <a href="https://interviewquestions.tuteehub.com/tag/leads-540453" style="font-weight:bold;" target="_blank" title="Click to know more about LEADS">LEADS</a> to the law of supply.</body></html> | |
| 6810. |
What is meant by increase in demand ? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> in <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> refers to a rise in the demand of commodity caused due to any <a href="https://interviewquestions.tuteehub.com/tag/factor-458892" style="font-weight:bold;" target="_blank" title="Click to know more about FACTOR">FACTOR</a> other than the own <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> of the commodity.</body></html> | |
| 6811. |
What is meant by the problem of "How to produce"? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :This <a href="https://interviewquestions.tuteehub.com/tag/problem-25530" style="font-weight:bold;" target="_blank" title="Click to know more about PROBLEM">PROBLEM</a> deals with the selection of <a href="https://interviewquestions.tuteehub.com/tag/technique-1240417" style="font-weight:bold;" target="_blank" title="Click to know more about TECHNIQUE">TECHNIQUE</a> i.e. whether to <a href="https://interviewquestions.tuteehub.com/tag/use-1441041" style="font-weight:bold;" target="_blank" title="Click to know more about USE">USE</a> <a href="https://interviewquestions.tuteehub.com/tag/labour-1065391" style="font-weight:bold;" target="_blank" title="Click to know more about LABOUR">LABOUR</a> intersive or capital intensive technique in production of goods and services.</body></html> | |
| 6812. |
What is meant by sample method ? Under what circumstances this method is more suitable ? |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/sampling-15674" style="font-weight:bold;" target="_blank" title="Click to know more about SAMPLING">SAMPLING</a> methods are the ways to choose people from the population to be considered in a <a href="https://interviewquestions.tuteehub.com/tag/sample-1194587" style="font-weight:bold;" target="_blank" title="Click to know more about SAMPLE">SAMPLE</a> <a href="https://interviewquestions.tuteehub.com/tag/survey-1235993" style="font-weight:bold;" target="_blank" title="Click to know more about SURVEY">SURVEY</a>. <a href="https://interviewquestions.tuteehub.com/tag/samples-1194689" style="font-weight:bold;" target="_blank" title="Click to know more about SAMPLES">SAMPLES</a> can be divided based on following criteria. Probability samples - In such samples, each population element has a known probability or chance of being <a href="https://interviewquestions.tuteehub.com/tag/chosen-2515513" style="font-weight:bold;" target="_blank" title="Click to know more about CHOSEN">CHOSEN</a> for the sample.</body></html> | |
| 6813. |
Which of the following situation does not lead to an increase in equilibrium price ? |
| Answer» <html><body><p>An increase in <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> <a href="https://interviewquestions.tuteehub.com/tag/without-3281350" style="font-weight:bold;" target="_blank" title="Click to know more about WITHOUT">WITHOUT</a> a <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> in supply<br/>A decrease in supply accompanied by proportinately <a href="https://interviewquestions.tuteehub.com/tag/equal-446400" style="font-weight:bold;" target="_blank" title="Click to know more about EQUAL">EQUAL</a> increase in demand.<br/>A decrease in supply without a change in demand.<br/>An increase in supply accompanied by proportionately equal decrease in demand.</p>Answer :(<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>)</body></html> | |
| 6814. |
Define weighted index numbers. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Weighted index <a href="https://interviewquestions.tuteehub.com/tag/numbers-22758" style="font-weight:bold;" target="_blank" title="Click to know more about NUMBERS">NUMBERS</a> are the index numbers is which different itemsof the series are accorded different weightage, depending <a href="https://interviewquestions.tuteehub.com/tag/upon-2315586" style="font-weight:bold;" target="_blank" title="Click to know more about UPON">UPON</a> their relative importance.</body></html> | |
| 6815. |
Elaborate the implication of the conditions of equilibrium of a firm. |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Firm's <a href="https://interviewquestions.tuteehub.com/tag/equilibrium-974342" style="font-weight:bold;" target="_blank" title="Click to know more about EQUILIBRIUM">EQUILIBRIUM</a> is that level of output where its profits are maximised. <br/> Conditions of Firm's Equilibrium: <br/> (i) Marginal Revenue must b equaltoMarginal Cost. <br/> (ii) Marginal Cost mustbe rising. <br/> The conditions <a href="https://interviewquestions.tuteehub.com/tag/implies-1037962" style="font-weight:bold;" target="_blank" title="Click to know more about IMPLIES">IMPLIES</a> that the slope of rising Marginal Cost Curve is <a href="https://interviewquestions.tuteehub.com/tag/equal-446400" style="font-weight:bold;" target="_blank" title="Click to know more about EQUAL">EQUAL</a> to the slope of Marginal Revenue curve. <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/SG_MIC_ECO_C08_E01_011_S01.png" width="80%"/> <br/> Implication of the conditions lies in the fact that beyond the equilibrium point E, MC <a href="https://interviewquestions.tuteehub.com/tag/would-3285927" style="font-weight:bold;" target="_blank" title="Click to know more about WOULD">WOULD</a> become greater than MR i.e., for each additional unit sold beyond output OQ, the cost of producing that unit will be more than the revenue generated by the unit.</body></html> | |
| 6816. |
Give equation of the budget line. |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :`P_1x_1+P_2x_2=M`</body></html> | |
| 6817. |
Explain the concept of Marginal Rate of Substitution (MRS) by giving an example. Explain its behaving along an indifference curve. |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/mrs-549296" style="font-weight:bold;" target="_blank" title="Click to know more about MRS">MRS</a> refers to the rate at which the commodities can be substituted with each other, so that total satisfaction of the consumer remains the same. <br/> <a href="https://interviewquestions.tuteehub.com/tag/example-978283" style="font-weight:bold;" target="_blank" title="Click to know more about EXAMPLE">EXAMPLE</a>. Let the <a href="https://interviewquestions.tuteehub.com/tag/two-714195" style="font-weight:bold;" target="_blank" title="Click to know more about TWO">TWO</a> goods be X and Y. Given a certain consumption of X and Y, suppose consumer wants one more unit of X. With increase in one more unit of X, marginal utility of X will reduce. As a <a href="https://interviewquestions.tuteehub.com/tag/result-1187343" style="font-weight:bold;" target="_blank" title="Click to know more about RESULT">RESULT</a>, consumer will be willing to sacrifice less units of Y. As he goes on obtaining more and more of X, marginal utility of X goes on falling and thus, consumer is willing to sacrifice less and less of Y. <br/> Marginal Rate of <a href="https://interviewquestions.tuteehub.com/tag/substitution-1231654" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSTITUTION">SUBSTITUTION</a> diminishes as the consumer moves downward along the same indifference curve. it shows that consumer is willing to sacrifice lesser units of a Good Y, in order to gain one additional unit of Good X. This happens due to the operation of law of diminishing marginal utility.</body></html> | |
| 6818. |
________ is the average value of the upper and lower limits. (Cumulative frequency / Mid-value ) |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :Mid-value</body></html> | |
| 6819. |
Bars are also colled………….. (rows/columns) |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/columns-922590" style="font-weight:bold;" target="_blank" title="Click to know more about COLUMNS">COLUMNS</a></body></html> | |
| 6820. |
Explain the effect of the change in prices of related goods on the demand for a given good. |
| Answer» | |
| 6821. |
The mean monthly salary paid to all employees in a certain company was Rs. 600. The mean monthly salaries paid to male and female employees were Rs. 620 and Rs. 520 respectively. Find the percentage of male to female employees in the company. |
| Answer» <html><body><p></p>Solution :Given: `barX_(<a href="https://interviewquestions.tuteehub.com/tag/12-269062" style="font-weight:bold;" target="_blank" title="Click to know more about 12">12</a>)=<a href="https://interviewquestions.tuteehub.com/tag/600-329515" style="font-weight:bold;" target="_blank" title="Click to know more about 600">600</a>,barX_(1)=620,barX_(2)=520` <br/> `"Let "N_(1)` =Male Employees and `N_(2)` = Female Employees <br/> Using the <a href="https://interviewquestions.tuteehub.com/tag/formula-464310" style="font-weight:bold;" target="_blank" title="Click to know more about FORMULA">FORMULA</a> of combined arithmetic mean, we have <br/> `barX_(12)=(barX_(1)N_(1)+barX_(2)N_(2))/(N_(1)+N_(2))`<br/> `600=((620)N_(1)+(520)N_(2))/(N_(1)+N_(2))` <br/> Or, `600(N_(1)+N_(2))=620N_(1)+520N_(2)` <br/> Or, `600N_(1)+600N_(2)=620N_(1)+520N_(2)` <br/> Or, `600N_(2)-520 N_(2)=620N_(1)-600N_(1)` <br/> `""80N_(2)=20N_(1)` <br/> Or,` ""N_(1)/N_(2)=80/20=4/1` <br/> Or, `""N_(1):N_(2)= 4:1` <br/> Hence, the percentage of male employees = ` 4/(4+1) xx 100 = 80%` <br/> and the percentage of female employees= `1/(4+1) xx 100 = 20%`.</body></html> | |
| 6822. |
Explain the relationship between: (a) Prices of other goods and demand for the given good. (b) Income of the buyers and demand for a good. |
| Answer» <html><body><p></p>Solution :(a) There are two <a href="https://interviewquestions.tuteehub.com/tag/types-15918" style="font-weight:bold;" target="_blank" title="Click to know more about TYPES">TYPES</a> of related goods :- (i) Substitute goods, (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>) <a href="https://interviewquestions.tuteehub.com/tag/complementary-2532127" style="font-weight:bold;" target="_blank" title="Click to know more about COMPLEMENTARY">COMPLEMENTARY</a> goods. <br/>In case of substitute goods there is a positive relationship between price of one good and the demand for another i.e as price of one good rises the demand for its substitute rises.<br/>On the other hand, in case of complementary goods there is a negative relationship between price of one good and the demand for its complement i.e as price of one good rises the demand for its complement falls. <br/>(b)There is a positive relationship between income of a consumer and demand for a commodity if the good is a <a href="https://interviewquestions.tuteehub.com/tag/normal-1123860" style="font-weight:bold;" target="_blank" title="Click to know more about NORMAL">NORMAL</a> good whereas there is a negative relationship between income of the consumer and demand of a commodity if the good is an inferior good. <br/>So, with an increase in income of the consumer the demand of a normal good rises and vice-versa and with increase in income of the consumer the demand for an inferior good falls and vice-versa.<br/></body></html> | |
| 6823. |
Marginal revenue refers to : |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/addition-367641" style="font-weight:bold;" target="_blank" title="Click to know more about ADDITION">ADDITION</a> to total <a href="https://interviewquestions.tuteehub.com/tag/revenue-1188040" style="font-weight:bold;" target="_blank" title="Click to know more about REVENUE">REVENUE</a> when one more unit of output is produced. <br/>Addition to total revenue when one more unit of output is sold. <br/>Addition to total revenue when one more unit of variable factor is employed. <br/><a href="https://interviewquestions.tuteehub.com/tag/none-580659" style="font-weight:bold;" target="_blank" title="Click to know more about NONE">NONE</a> of these </p>Solution :N/A</body></html> | |
| 6824. |
What is Law of demand ? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Law of <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> states the inverse relationship between price and quantity demanded, keeping other <a href="https://interviewquestions.tuteehub.com/tag/factors-458933" style="font-weight:bold;" target="_blank" title="Click to know more about FACTORS">FACTORS</a> constant.</body></html> | |
| 6825. |
Explain the distinction between the equations of buget line and budget constraint. |
| Answer» <html><body><p></p>Solution :Let the two goods <a href="https://interviewquestions.tuteehub.com/tag/consumed-2540963" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMED">CONSUMED</a> by the <a href="https://interviewquestions.tuteehub.com/tag/consumer-25599" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMER">CONSUMER</a> be X and Y. Let `m` be <a href="https://interviewquestions.tuteehub.com/tag/income-25499" style="font-weight:bold;" target="_blank" title="Click to know more about INCOME">INCOME</a>. <br/> The equation of budget line is: `P_(X)X + P_(Y) Y = m`. <br/> It shows that the whole collection of the combinations of the two goods on the budget line costs the consumer exactly his income. <br/> The equation of budget constraint (or budget <a href="https://interviewquestions.tuteehub.com/tag/set-11758" style="font-weight:bold;" target="_blank" title="Click to know more about SET">SET</a>) is: `P_(X) X + P_(Y)Y le m`. <br/> It shows that the money spent on the two goods must be equal to or less than the income.</body></html> | |
| 6826. |
Demand curve in case of Monopolistic competition is more elestic as compared to demand curve under Monopoly due to |
| Answer» <html><body><p>Huge <a href="https://interviewquestions.tuteehub.com/tag/selling-25929" style="font-weight:bold;" target="_blank" title="Click to know more about SELLING">SELLING</a> costs<br/>Freedom of <a href="https://interviewquestions.tuteehub.com/tag/entry-972873" style="font-weight:bold;" target="_blank" title="Click to know more about ENTRY">ENTRY</a> and Exist<br/>Presence of <a href="https://interviewquestions.tuteehub.com/tag/close-408965" style="font-weight:bold;" target="_blank" title="Click to know more about CLOSE">CLOSE</a> substitutes<br/>Large number of Firms</p>Solution :C.</body></html> | |
| 6827. |
Averages help in the formulation of economic policies. |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :<a href="https://interviewquestions.tuteehub.com/tag/1-256655" style="font-weight:bold;" target="_blank" title="Click to know more about 1">1</a></body></html> | |
| 6828. |
What does increasing marginal opportunity cost along of PPF mean? |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/increasing-1040633" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASING">INCREASING</a> marginal <a href="https://interviewquestions.tuteehub.com/tag/opportunity-1137192" style="font-weight:bold;" target="_blank" title="Click to know more about OPPORTUNITY">OPPORTUNITY</a> cost <a href="https://interviewquestions.tuteehub.com/tag/along-1974109" style="font-weight:bold;" target="_blank" title="Click to know more about ALONG">ALONG</a> a PPF mena that for each <a href="https://interviewquestions.tuteehub.com/tag/additional-367648" style="font-weight:bold;" target="_blank" title="Click to know more about ADDITIONAL">ADDITIONAL</a> increase in the units of a <a href="https://interviewquestions.tuteehub.com/tag/given-473447" style="font-weight:bold;" target="_blank" title="Click to know more about GIVEN">GIVEN</a> commodity, more and more of units of another commodity are sacrificed.</body></html> | |
| 6829. |
When average cost falls, marginalcost: (Choose the correct alternative) |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/falls-983294" style="font-weight:bold;" target="_blank" title="Click to know more about FALLS">FALLS</a><br/>Rises<br/><a href="https://interviewquestions.tuteehub.com/tag/may-557248" style="font-weight:bold;" target="_blank" title="Click to know more about MAY">MAY</a> fallor may rise<br/>Neither falls nor rises</p>Solution :N//A</body></html> | |
| 6830. |
Explain characteristics of range . |
| Answer» | |
| 6831. |
In an imperfectly competitive market, if the total revenue is maximum, marginal revenue will be_____. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/zero-751093" style="font-weight:bold;" target="_blank" title="Click to know more about ZERO">ZERO</a></body></html> | |
| 6832. |
What is the meant by sample |
| Answer» <html><body><p></p>Solution :Sample is group or <a href="https://interviewquestions.tuteehub.com/tag/collection-422059" style="font-weight:bold;" target="_blank" title="Click to know more about COLLECTION">COLLECTION</a> of <a href="https://interviewquestions.tuteehub.com/tag/items-1052972" style="font-weight:bold;" target="_blank" title="Click to know more about ITEMS">ITEMS</a> from the <a href="https://interviewquestions.tuteehub.com/tag/universe-13255" style="font-weight:bold;" target="_blank" title="Click to know more about UNIVERSE">UNIVERSE</a> wherein the characteristics of the former are supposed to <a href="https://interviewquestions.tuteehub.com/tag/represent-613876" style="font-weight:bold;" target="_blank" title="Click to know more about REPRESENT">REPRESENT</a> characteristics of the later.</body></html> | |
| 6833. |
Can MR be zero or negative ? |
| Answer» <html><body><p></p>Solution :Yes, <a href="https://interviewquestions.tuteehub.com/tag/mr-549185" style="font-weight:bold;" target="_blank" title="Click to know more about MR">MR</a> can be zero or negative, MR can be zero when <a href="https://interviewquestions.tuteehub.com/tag/tr-661737" style="font-weight:bold;" target="_blank" title="Click to know more about TR">TR</a> remains same with <a href="https://interviewquestions.tuteehub.com/tag/rise-1189674" style="font-weight:bold;" target="_blank" title="Click to know more about RISE">RISE</a> in output. MR can be negative when TR <a href="https://interviewquestions.tuteehub.com/tag/falls-983294" style="font-weight:bold;" target="_blank" title="Click to know more about FALLS">FALLS</a> with rise in output.</body></html> | |
| 6834. |
What is likely to be the impact of "Make in India" appeal to the foreign investors by the Prime Minister of India, on the production possibilities frontier of India? Explain. |
| Answer» <html><body><p></p>Solution :Make in India' appeal <a href="https://interviewquestions.tuteehub.com/tag/signifies-1207555" style="font-weight:bold;" target="_blank" title="Click to know more about SIGNIFIES">SIGNIFIES</a> invitation to foreign producers to <a href="https://interviewquestions.tuteehub.com/tag/produce-1167752" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCE">PRODUCE</a> in India. This will lead to increase in resources thus <a href="https://interviewquestions.tuteehub.com/tag/raising-1176806" style="font-weight:bold;" target="_blank" title="Click to know more about RAISING">RAISING</a> production potential of the country. As a result PP curve will shift <a href="https://interviewquestions.tuteehub.com/tag/upwards-2318352" style="font-weight:bold;" target="_blank" title="Click to know more about UPWARDS">UPWARDS</a>.</body></html> | |
| 6835. |
AR curve is downward sloping when: |
| Answer» <html><body><p>Price falls with <a href="https://interviewquestions.tuteehub.com/tag/rise-1189674" style="font-weight:bold;" target="_blank" title="Click to know more about RISE">RISE</a> in <a href="https://interviewquestions.tuteehub.com/tag/output-1142821" style="font-weight:bold;" target="_blank" title="Click to know more about OUTPUT">OUTPUT</a><br/>Price initially rises at an increasing <a href="https://interviewquestions.tuteehub.com/tag/rate-1177476" style="font-weight:bold;" target="_blank" title="Click to know more about RATE">RATE</a>, then at a diminishing rate <br/>Price <a href="https://interviewquestions.tuteehub.com/tag/remains-621920" style="font-weight:bold;" target="_blank" title="Click to know more about REMAINS">REMAINS</a> same at all levels of output <br/><a href="https://interviewquestions.tuteehub.com/tag/none-580659" style="font-weight:bold;" target="_blank" title="Click to know more about NONE">NONE</a> of these </p>Solution :N/A</body></html> | |
| 6836. |
If government reduces subsidy on LPG cylinders, how does it affect its market price ? What alternative energy sources can be used by the consumers? |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Withdrawal or raduction of <a href="https://interviewquestions.tuteehub.com/tag/subsidy-654596" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSIDY">SUBSIDY</a> will <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> its market price. The households can use the following alternative sources of energy : <br/> Kerosene oil <br/> <a href="https://interviewquestions.tuteehub.com/tag/solar-647285" style="font-weight:bold;" target="_blank" title="Click to know more about SOLAR">SOLAR</a> energy <br/> Electric stoves <br/> <a href="https://interviewquestions.tuteehub.com/tag/bio-25477" style="font-weight:bold;" target="_blank" title="Click to know more about BIO">BIO</a> gas energy</body></html> | |
| 6837. |
State one merit of graphic presentation of time series data. |
| Answer» <html><body><p></p>Solution :Graphic <a href="https://interviewquestions.tuteehub.com/tag/presentation-1164065" style="font-weight:bold;" target="_blank" title="Click to know more about PRESENTATION">PRESENTATION</a> <a href="https://interviewquestions.tuteehub.com/tag/leaves-1070823" style="font-weight:bold;" target="_blank" title="Click to know more about LEAVES">LEAVES</a> a lasting impact on the <a href="https://interviewquestions.tuteehub.com/tag/reader-1178355" style="font-weight:bold;" target="_blank" title="Click to know more about READER">READER</a>'s <a href="https://interviewquestions.tuteehub.com/tag/mind-1096965" style="font-weight:bold;" target="_blank" title="Click to know more about MIND">MIND</a>. The <a href="https://interviewquestions.tuteehub.com/tag/information-1043838" style="font-weight:bold;" target="_blank" title="Click to know more about INFORMATION">INFORMATION</a> is not easily forgotten.</body></html> | |
| 6838. |
What happens to the difference between Average TotalCost and Average Variable Cost as productionis increased ? |
| Answer» <html><body><p></p>Solution :The <a href="https://interviewquestions.tuteehub.com/tag/difference-951394" style="font-weight:bold;" target="_blank" title="Click to know more about DIFFERENCE">DIFFERENCE</a> betweenAverage Total <a href="https://interviewquestions.tuteehub.com/tag/cost-25707" style="font-weight:bold;" target="_blank" title="Click to know more about COST">COST</a> and Average <a href="https://interviewquestions.tuteehub.com/tag/variable-1442996" style="font-weight:bold;" target="_blank" title="Click to know more about VARIABLE">VARIABLE</a> Cost <a href="https://interviewquestions.tuteehub.com/tag/decrease-946104" style="font-weight:bold;" target="_blank" title="Click to know more about DECREASE">DECREASE</a>.</body></html> | |
| 6839. |
If income of the consumers rises then equilibrium price of the inferior commodity will also rise. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :An increases in income will decrease the <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> for intertor <a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a>, which will reduce the <a href="https://interviewquestions.tuteehub.com/tag/equilibrium-974342" style="font-weight:bold;" target="_blank" title="Click to know more about EQUILIBRIUM">EQUILIBRIUM</a> price.</body></html> | |
| 6840. |
Discuss the primary reason for 'indeterminateness of deamand curve' under the oligopoly from of market. |
| Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/primary-1165403" style="font-weight:bold;" target="_blank" title="Click to know more about PRIMARY">PRIMARY</a> reason for indeterminateness of demand curve under oligopoly from of market si that firm under oligopoly are <a href="https://interviewquestions.tuteehub.com/tag/mutually-7377074" style="font-weight:bold;" target="_blank" title="Click to know more about MUTUALLY">MUTUALLY</a> interdependent i.e., actins regarding change in price and output policy of one firm depend one the <a href="https://interviewquestions.tuteehub.com/tag/actions-25526" style="font-weight:bold;" target="_blank" title="Click to know more about ACTIONS">ACTIONS</a>, reactions of the other firms. Since the firm always considers the probable reaction it might get after any <a href="https://interviewquestions.tuteehub.com/tag/action-2544" style="font-weight:bold;" target="_blank" title="Click to know more about ACTION">ACTION</a> is taken by it, there is ncertain nature and position of deamand curve under this market form. Any change in price by one firm <a href="https://interviewquestions.tuteehub.com/tag/may-557248" style="font-weight:bold;" target="_blank" title="Click to know more about MAY">MAY</a> or may not lead to change in prices by the rival firms. Therefore the demand curve is not definite.</body></html> | |
| 6841. |
With increase inlevel to output, average fixed cost goes on failling till reaches zero. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/false-459184" style="font-weight:bold;" target="_blank" title="Click to know more about FALSE">FALSE</a>. `<a href="https://interviewquestions.tuteehub.com/tag/afc-362161" style="font-weight:bold;" target="_blank" title="Click to know more about AFC">AFC</a> = (TFC)/("<a href="https://interviewquestions.tuteehub.com/tag/output-1142821" style="font-weight:bold;" target="_blank" title="Click to know more about OUTPUT">OUTPUT</a>"). TFC ` is constant and positive. So, with an increase in output AFC will fall but can <a href="https://interviewquestions.tuteehub.com/tag/never-570518" style="font-weight:bold;" target="_blank" title="Click to know more about NEVER">NEVER</a> be zero.</body></html> | |
| 6842. |
Median of a series : 3,5,7,9,12, is___________. |
| Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/7-332378" style="font-weight:bold;" target="_blank" title="Click to know more about 7">7</a> is in <a href="https://interviewquestions.tuteehub.com/tag/middle-1096062" style="font-weight:bold;" target="_blank" title="Click to know more about MIDDLE">MIDDLE</a></body></html> | |
| 6843. |
When is the fuller utilisation of available resources said to have taken palce? |
| Answer» <html><body><p></p>Solution :Fuller utiliaation of available resources is <a href="https://interviewquestions.tuteehub.com/tag/said-629244" style="font-weight:bold;" target="_blank" title="Click to know more about SAID">SAID</a> to take place when an <a href="https://interviewquestions.tuteehub.com/tag/economy-21801" style="font-weight:bold;" target="_blank" title="Click to know more about ECONOMY">ECONOMY</a> poerates on any point <a href="https://interviewquestions.tuteehub.com/tag/laying-540282" style="font-weight:bold;" target="_blank" title="Click to know more about LAYING">LAYING</a> on the <a href="https://interviewquestions.tuteehub.com/tag/ppf-592456" style="font-weight:bold;" target="_blank" title="Click to know more about PPF">PPF</a>.</body></html> | |
| 6844. |
What does the value of third quartial indicate about a series ? |
| Answer» | |
| 6845. |
Explain the implications of following features of perfect competition : (a) large number of buyers and sellers (b) freedom of entry and exit of firms. |
| Answer» | |
| 6846. |
In case of perfect competition, AR curve is |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/downward-2061463" style="font-weight:bold;" target="_blank" title="Click to know more about DOWNWARD">DOWNWARD</a> sloping<br/>Positively sloped<br/>Horizontal <a href="https://interviewquestions.tuteehub.com/tag/staright-1224677" style="font-weight:bold;" target="_blank" title="Click to know more about STARIGHT">STARIGHT</a> <a href="https://interviewquestions.tuteehub.com/tag/line-1074199" style="font-weight:bold;" target="_blank" title="Click to know more about LINE">LINE</a> <a href="https://interviewquestions.tuteehub.com/tag/parallel-1146369" style="font-weight:bold;" target="_blank" title="Click to know more about PARALLEL">PARALLEL</a> to the X-axis<br/>Vertical <a href="https://interviewquestions.tuteehub.com/tag/staight-3072289" style="font-weight:bold;" target="_blank" title="Click to know more about STAIGHT">STAIGHT</a> line parallel to the Y-axis</p>Solution :N/a</body></html> | |
| 6847. |
What does price elasticity of supply mean ? How do we measure it ? |
| Answer» <html><body><p></p>Solution :`P.e_(S)` measures the responsiveness of quantity <a href="https://interviewquestions.tuteehub.com/tag/supplied-3090548" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPLIED">SUPPLIED</a> to <a href="https://interviewquestions.tuteehub.com/tag/changes-913881" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGES">CHANGES</a> in the <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> of the good. <br/> `P.e_(S)=(%"Change in Quanity Supplied")/(%"Change in Price")=(P)/(Q)xx(<a href="https://interviewquestions.tuteehub.com/tag/deltaq-2053540" style="font-weight:bold;" target="_blank" title="Click to know more about DELTAQ">DELTAQ</a>)/(DeltaP)`</body></html> | |
| 6848. |
A firmis perfectly competitive market can influence market price :- |
| Answer» <html><body><p>By lowering output<br/>By <a href="https://interviewquestions.tuteehub.com/tag/raising-1176806" style="font-weight:bold;" target="_blank" title="Click to know more about RAISING">RAISING</a> ouput<br/>Both (a) and (<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>)<br/>Cannot <a href="https://interviewquestions.tuteehub.com/tag/influence-1043703" style="font-weight:bold;" target="_blank" title="Click to know more about INFLUENCE">INFLUENCE</a> market price</p>Answer :D</body></html> | |
| 6849. |
If MR is more than MC at a particular level of output , then producer will: |
| Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/reduce-1181332" style="font-weight:bold;" target="_blank" title="Click to know more about REDUCE">REDUCE</a> <a href="https://interviewquestions.tuteehub.com/tag/production-14556" style="font-weight:bold;" target="_blank" title="Click to know more about PRODUCTION">PRODUCTION</a><br/>Increase production<br/>Keep the production at <a href="https://interviewquestions.tuteehub.com/tag/current-940804" style="font-weight:bold;" target="_blank" title="Click to know more about CURRENT">CURRENT</a> <a href="https://interviewquestions.tuteehub.com/tag/level-1072714" style="font-weight:bold;" target="_blank" title="Click to know more about LEVEL">LEVEL</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/none-580659" style="font-weight:bold;" target="_blank" title="Click to know more about NONE">NONE</a> of these</p>Solution :N/a</body></html> | |
| 6850. |
Median is free from the effect of extreme values. |
| Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/true-713260" style="font-weight:bold;" target="_blank" title="Click to know more about TRUE">TRUE</a> because it is <a href="https://interviewquestions.tuteehub.com/tag/selected-3017558" style="font-weight:bold;" target="_blank" title="Click to know more about SELECTED">SELECTED</a> from <a href="https://interviewquestions.tuteehub.com/tag/middle-1096062" style="font-weight:bold;" target="_blank" title="Click to know more about MIDDLE">MIDDLE</a>.</body></html> | |