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why is the short-run average cost curve U- shaped ?
distinguish between Explicit cost and Implicit cost and given example
plz show ans in this question on point....
rectangular hyperbola means??
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?
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.
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?????
what change in total revenue will result in :
a) decrease in marginal revenue
b) an increase in marginal revenue
explain conditions of producer's equilibrium with the help of a diagram
Relationship between AP and TP.
depreciation is implicit or explicit cost?give 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.
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.
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 ?
Why is average total cost greater than average variable cost?
what is the behaviour of total variable cost as output increases?
What causes a downward movement along a supply curve of a commodity?
Explain the relationship between TC,TVC ,TFC?
the total fixed cost, total variable cost and total cost of a firm?
How are they related?
Which factor leads to shift of PPC?
does supply of a good depend on price of related goods?if yes,then how? please give a graph
can a PPC show a convex curve? explain?
the SMC curve cut the AVC curve at the minimum point of the AVC
Why rising portion of MC curve is supply curve of firm??
Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.
please give me graphical representation of returns to scale.
WHY SHOULD MC CURVE CUT MR CUTRVE FROM BELOW TO ACHIEVE PRODUCERS EQUILIBRIUM?
what do you mean by the rational producer?????????
why average fixed cost never touch at x-axis and y-axis?
why is AR in imperfect competition equal to twice of MR ?
explain the relationshipe between MC and AC with the help of a cost schedule and diagram....
What are the criticisms of law of variable proportions?
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
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
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.
Why MP cuts AP from its maximum point?
Why does the difference between Average Total Cost and Average Variable Cost decrease with an increase in the level of output? Can these two be equal at some level of output? Explain.
what is point of inflexion??
what is difference between budget line and indefference curve?
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
The ratio of elasticity of supply of commodities A and B is 1:1.5. 20% fall in price of A results in a 40% fall in its supply. Calculate the % increase in supply of B if its price riss from Rs 10 per unit to Rs 11 per unit.
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 meant by increasing at "decreasing rate/ increasing rate " ? m not able to understand the meaning of the phrase ...........
What is meant by globalization in a bottle?
the short run marginal cost, average variable cost and short run
average cost curves look like?
what is ideal factor ratio
Can there be some fixed cost in the long run? If not, why?
I don't understand the relation between AC and MC or AP and MP
Especially the part where it says when MC > AC or MC < AC etc..
Please help me out :D
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