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ANSWER:

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Fixed costs are costs that remain UNCHANGED with changes in the QUANTITY of goods demanded or supplied.

Variable Costs changes with the quantity of goods.

Given, C(Q)=3Q2+4Q+5

Here fixed Cost is 5.

Marginal cost is the change in the total cost due to ONE UNIT change in quantity of the good.

Thus, Marginal cost is given by,

MC=C′(Q)= dC(Q)dQ

Here,

MC= d(3Q2+4Q+5)dQ

MC=6Q+4

Answer:

FC=5

MC=6Q+4

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Answer:

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Answer:

Budget line is a DOWNWARD sloping line because given the PRICES of goods X and Y, and income of the consumer, more of Good-X (on X-axis) can be PURCHASED only when less of Good-Y (on Y-axis) is purchased.

Answer:

Our natural resources, iron ores, gold MINES, wealth and manpower was subject to intense exploitation. Due to these atrocities, the Indian ECONOMY on the eve of independence showed poor/low economic GROWTH. ... Although India was a very INDEPENDENT economy before the British rule, towards the end, it was exhausted.

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EXPLANATION:

The utility graph is the graph showing the relationships described above, also known as the Thomsen graph (e.g., Coxeter 1950) and, in the more formal parlance of graph THEORY, is known as the complete BIPARTITE graph (and is also EQUIVALENT to the circulant graph ).

ANSWER:

EXPLANATION:

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Answer:

The definition appears in the Essay by Robbins as: "Economics is the SCIENCE which studies HUMAN behaviour as a relationship between ends and scarce means which have ALTERNATIVE uses."

Explanation:

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Answer:

Apart from diagrams, Graphic presentation is another way of the presentation of data and information. Usually, graphs are used to present time series and frequency distributions. In this article, we will look at the graphic presentation of data and information along with its merits, limitations, and types.

The graphic presentation of data and information offers a quick and SIMPLE way of understanding the features and drawing comparisons. Further, it is an effective analytical tool and a graph can HELP us in finding the mode, median, etc.

We can locate a point in a plane USING two MUTUALLY perpendicular lines – the X-axis (the HORIZONTAL line) and the Y-axis (the vertical line). Their point of intersection is the Origin.

Graphs are of two types:

1. Time Series graphs

2. Frequency Distribution graphs

Answer:

Graphic visual representation of information is a crucial component in understanding and identifying patterns and trends in the ever increasing FLOW of data. Graphical representation enables the quick analysis of large amounts of data at one TIME and can AID in making PREDICTIONS and informed DECISIONS.

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ANSWER:

PRINCIPLES of the WTO agreements

Freer trade– All trade barriers should be lowered gradually through negotiations.

PREDICTABILITY– There should be stability and predictability in the trade rules of a nation.

Promoting fair competition.

Encourage DEVELOPMENT and ECONOMIC reforms.

EXPLANATION:

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Demerits : 1) For computing MEDIAN DATA needs to be arranged in ASCENDING or descending order. 2) It is not based on all the observations of the data. 3) It can not be given further algebraic treatment.

Explanation:

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Answer:

The jet stream RESULTS from horizontal differences in temperature that EXIST over a considerable vertical distance through the troposphere. These temperature differences produce a horizontal pressure gradient that DRIVES geostrophic and gradient winds. The GREATER the horizontal temperature DIFFERENCE, the stronger the jet stream.

Explanation:

The jet stream results from horizontal differences in temperature that exist over a considerable vertical distance through the troposphere. These temperature differences produce a horizontal pressure gradient that drives geostrophic and gradient winds. The greater the horizontal temperature difference, the stronger the jet stream.

ANSWER:

Demerits : 1) For computing median data needs to be arranged in ascending or descending order. 2) It is not based on all the OBSERVATIONS of the data. 3) It can not be given further ALGEBRAIC treatment.

Explanation:

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The TRANSLATION of this is

Purti is ASSOCIATED with which of the following

a) any TIME period

b) PRICE

Answer:

DEMERITS : 1) For COMPUTING median data needs to be ARRANGED in ascending or descending order. 2) It is not based on all the observations of the data. 3) It can not be GIVEN further algebraic treatment.

Explanation:

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ANSWER:

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ANSWER:

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ANSWER:

On the other HAND, the sampling is the WIDELY used method, in statistical testing, wherein a data set is selected from the large population, which represents the entire group.

...

Comparison Chart.

Basis for Comparison Census Sampling

Study of Each and every UNIT of the population. Only a HANDFUL of units of the population.

Answer:

The FORCE applied on any surface in a direction perpendicular or NORMAL to the surface is called thrust.

When a body is PLACED on horizontal surface, it EXERTS a thrust equal to its weight on the surface.

Unit of thrust :-

SI unit - NEWTON

Other unit - g-wt or kg-wt

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EXPLANATION:

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Question

• Which of the following is affected by extreme values?

Answer

• b. MEAN

Q11. The X of 1,3,5,6, M. 10 is 6. The VALUE of MIS:

Answer - OPTION C

Answer:

India's fiscal deficit was alarming and there was a huge BOP deficit before 1991.

Despite many Industrial and trade policy, contribution of Industrial SECTOR remained low, which was the main cause of low GDP growth. There was lack of capital as WELL, India REQUIRED capital, which could only be ATTRACTED from FDI.

Answer:

There are TWO TYPES of SAMPLING methods: Probability sampling INVOLVES random selection, allowing you to make STATISTICAL inferences about the whole group. Non-probability sampling involves non-random selection based on convenience or other criteria, allowing you to easily collect initial data.

ANSWER:

Documents REQUIRED for COMPANY Registration

Passport.

Election Card or VOTER Identity Card.

Ration Card.

Driving License.

Electricity Bill.

Telephone Bill.

Aadhaar Card.

ANSWER:

Histogram

Explanation:

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Answer:

Macroeconomists study topics such as GDP, unemployment rates, NATIONAL income, price indices, OUTPUT, consumption, unemployment, inflation, saving, investment, energy, international trade, and international FINANCE. Macroeconomics and microeconomics are the two most general FIELDS in economics.

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ANSWER:

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Explanation:

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Answer:

Scarcity is the root cause for all economic problems. ... Thus, it is due to the scarce AVAILABILITY of resources (having alternative USES) to fulfil the different and competing unlimited wants that an economy faces the economic PROBLEM or the problem of choice.

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ANSWER:

अंतर्राष्ट्रीय स्तर पर सामान्यत: सभी देश एक दूसरे के साथ माल का आयात निर्यात करते हैं, सेवाओं का आदान प्रदान करते हैं और राशि का लेन देन भी करते हैं। इस प्रकार एक निश्चित अवधि के पश्चात् इन सभी मदों पर लेन देन का यदि हिसाब निकाला जाय तो किसी एक देश को दूसरे से भुगतान लेना शेष होता है और दूसरे देश को किसी किसी तीसरे देश का भुगतान चुकाना शेष रहता है। विभिन्न देशों के बीच इस प्रकार के परस्परिक लेन देन के शेष को भुगतान शेष (BALANCE of PAYMENTS) कहते हैं। यों कहना चाहिए कि किसी निश्चित तिथि को एक देश द्वारा अन्य देशों को चुकाई जानेवाली सकल राशि तथा अन्य देशों से उसे प्राप्त होनेवाली सकल राशि के अंतर को उस देश का 'भुगतान शेष' कहते हैं।

Answer:

The POVERTY threshold, poverty limit, poverty line or breadline, is the minimum level of income deemed ADEQUATE in a particular country. Poverty line is usually calculated by finding the TOTAL cost of all the essential resources that an average HUMAN adult CONSUMES in one year. Wikipedia

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Answer:

Balance of payments is an accounting statement that provides a SYSTEMATIC RECORD of all the economic transactions between the residents of a country and the rest of the WORLD during a given period of TIME.

ANSWER:

Cartels are more prone to be created when managers consider that their firm production has evolved positively in the last THREE MONTHS (growing firms) and when they EXPECT a decrease in prices in the near future (with expected declining prices).

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Answer:

Human capital is considered the best when compared to land, labour and PHYSICAL capital. It is only the human RESOURCE that utilises other resources LIKE land and investments which cannot become beneficial on their own.

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A government budget is said to be a SURPLUS budget if the expected government revenues exceed the ESTIMATED government expenditure in a particular financial year. This means that the government's earnings from taxes levied are greater than the amount the government spends on PUBLIC welfare.

ANSWER:

They work in factories

Explanation:

As who work in a GOVERNMENT DEPARTMENT he/she is a formal but the people who work in factories they are INFORMAL .

ANSWER:

A government budget is a year-long country’s financial report EXPLAINING item-wise CALCULATIONS of future revenue and expenditure. The budget explains what the INCOME and expense of a nation is.

In India, every beginning of a year, the government presents its budget in front of the Lok Sabha explaining an estimated receipt and expense for the upcoming financial year. The fiscal year starts from 1st April and concludes on 31st March of the next year.

The government prepares an expenditure according to its objective and then starts gathering the resources and funds to fulfil the proposed investment. The funds are collected from fees, taxes, interest on loans given to states, fines, and dividends by public sector enterprises.

Explanation:

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Answer:

Since all firms under perfect competition must produce where MC is rising, their output will be greater the higher the price. Thus the short-period market SUPPLY curve rises from LEFT to right, showing that more is SUPPLIED the higher the price.

EXPLANATION:

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ANSWER:

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