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why is the short-run average cost curve U- shaped ?
Find out explicit and implicit cost from the following:
a. Investment in fixed assets 2000
b. Borrowings at 12% interest per annum 1500
c. Wages paid during the year 120
d. Annual rental value of the owner's factory building 100
e. Annual depreciation 100
f. Estimated annial value of the management services of the owner 240
distinguish between Explicit cost and Implicit cost and given example
plz show ans in this question on point....
rectangular hyperbola means??
Giving reasons state the following statements whether true or false:-
(i) When there are diminishing returns to a factor total product always decreases
(ii) Total product will increase only when marginal product increases
(iii) Increase in total product always indicate that there are increasing reaturns to a factor
(iv) When there are diminishing returns to a factor, both always falls.
Causes of law of increasing returns, diminishing returns and negative returns ?............ Please give ans. In points
Explain why TVC curve is inverse S-shaped curve?
Why does a producer prefers 2nd stage of production?
calculate AFC AVC TFC TVC MC AC from :
Output- 0 1 2 3 4 5 6
TC - 150 300 420 600 790 1000 1260
what is the meaning of articles of social distinction , which are the exceptions to the law of supply?
what is production function??what are its characteristics?????
explain conditions of producer's equilibrium with the help of a diagram
State whther the following are true/false. Give reasons.
(i) When total revenue is constant average revenue will also be constant.
(ii) Average variable cost can fall even when marginal cost rising.
(iii) When marginal product falls, Average revenue product will also fall.
(iv) Average revenue is also called price.
(v) Average revenue curve is also caled Demand curve.
(vi) If total cost curve is parallel to x-axis then marginal cost will be zero
depreciation is implicit or explicit cost?give reason
what is the behaviour of total variable cost as output increases?
Why there is difference between ATC and AVC with an increase in level of of output ? Can these two be equal at the same level of output ?
Relationship between AP and TP.
Assuming that the total fixed cost is Rs 24 .complete the following table
Output(Rs) 1 2 3
ATC(Rs) 50 40 45
the total fixed cost, total variable cost and total cost of a firm?
How are they related?
What causes a downward movement along a supply curve of a commodity?
explain the relationshipe between MC and AC with the help of a cost schedule and diagram....
Which factor leads to shift of PPC?
Why MP cuts AP from its maximum point?
does supply of a good depend on price of related goods?if yes,then how? please give a graph
What is meant by increasing at "decreasing rate/ increasing rate " ? m not able to understand the meaning of the phrase ...........
the SMC curve cut the AVC curve at the minimum point of the AVC
please give me graphical representation of returns to scale.
can a PPC show a convex curve? explain?
A company over utilising its resources is incurring losses as it is producing on rising part of average cost curve. The company needs suggestions as to how can it reduce losses? Use diagram.
Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.
Explain the relationship between TC,TVC ,TFC?
Why rising portion of MC curve is supply curve of firm??
what is point of inflexion??
what do you mean by the rational producer?????????
why average fixed cost never touch at x-axis and y-axis?
6 mark question
1)what is meant by producer's equilibrium ? when will a producer be in equilibrium in case of losses
2)show that a perfectly competitive firm maximises its profit only when price =mc.
3)why should mc curve be rising in a situation of producer's equilibrium?
4) for a firm under perfect competiton , profits are not maximised even when mr mc . explain why.
What are the criticisms of law of variable proportions?
why is AR in imperfect competition equal to twice of MR ?
explain the relationship between TR and MR when
1) the firm can sell more at the same price
2) the firm can sell more only by lowering its price
why does AFC curve takes the shape of a rectangular hyperbola??
Supply curve is the rising portion of marginal cost curve over and above the minimum of Average Variable cost curve’. Do you agree? Support your answer with valid reason.
A firm is producing 20 units. At this level of output ,the ATC and AVC are respectively equal to Rs.40 and Rs.37. Find out the total fixed cost of the firm.
an individual is both the owner and the manager of a shop taken on rent . Identify implicit cost and explicit cost from this information . Explian.
what is difference between budget line and indefference curve?
explain cobb-douglesproduction function? explain about the returns to scale with the help of cobb- dougles production function
give reasons of the following :-
Find out a) explicit cost b) implici cost from the following -
i) Investments in fixed assests - 2000
ii) Borrowings at 12% interest per annum - 1500
iii) Wages paid during the year- 120
iv) Annual rental value of the owner's factory building- 100
v)Estimated annual value of the management services of the owner - 240
explain the nature of the shape of average revenue curve of a firm under perfect competition?
what is the area under AFC called ?
What is meant by globalization in a bottle?
what is ideal factor ratio
the short run marginal cost, average variable cost and short run
average cost curves look like?
WHY SHOULD MC CURVE CUT MR CUTRVE FROM BELOW TO ACHIEVE PRODUCERS EQUILIBRIUM?
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