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why is the short-run average cost curve U- shaped ?
give reasons of the following :-
distinguish between Explicit cost and Implicit cost and given example
plz show ans in this question on point....
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 meant by increasing at "decreasing rate/ increasing rate " ? m not able to understand the meaning of the phrase ...........
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?
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 a producer prefers 2nd stage of production?
what is the meaning of articles of social distinction , which are the exceptions to the law of supply?
Why is AR curve also known as the demand curve?
what is production function??what are its characteristics?????
explain conditions of producer's equilibrium with the help of a diagram
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.
What are the total fixed cost, total variable cost and total cost of a firm? How are they related?
Which factor leads to shift of PPC?
please give me graphical representation of returns to scale.
What causes a downward movement along a supply curve of a commodity?
TR=TC is normal profit. Why and how?
does supply of a good depend on price of related goods?if yes,then how? please give a graph
Why does the SMC curve cut the AVC curve at the minimum point of the AVC curve?
can a PPC show a convex curve? explain?
Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.
Define point of inflexion?
Explain the relationship between TC,TVC ,TFC?
Q:Explain 'Fixity of the Factor' as a reason of diminishing returns to a factor.
(Experts, is it really a reason of diminishing returns to a factor???, i am in doubt , please guide.)
Why rising portion of MC curve is supply curve of firm??
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?
What does factors of production and non factors of production mean?Thanks for ur previous answer.
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??
explain the relationshipe between MC and AC with the help of a cost schedule and diagram....
Why MP cuts AP from its maximum point?
what is point of inflexion??
Complete the following table
output (units) tc (rs) avc (rs) mc (rs)
1 90 30
2 27
3 27
4 180 30
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.
calculate mc and avc from following data
output units 1 2 3
total cost 80 96 120
avc 60 30 20
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?
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
What is meant by globalization in a bottle?
what is ideal factor ratio
1. With the help of demand and supplu schedule. explain the meaning of exess demand and its effect on price.
2. Define equilibrium prie of a commodity, how is it determined ? explain with the help of a schedule.
3. Give reasons and state whether true or false : A. Average cost falls only when marginal cost falls.
B. The difference between average total cost and average variable cost is constant
C. When total revenue is maximum, marginal revenue is also maximum.
4. Explain the effect on the following on the market demand of a commodity.
a.change in the price of related goods.
b.change in the no. of buyers.
5. The price of elasticity of supply of a commodity Y is half the price of the commodity X. 16 percent rise in the price X results in 40 percent rise in supply. If the price of Y falls by 8% calculate ther percentage fall in its supply.
6.explain 3 causes of a shift demand curve of a commodity.
What do the short run marginal cost, average variable cost and short run average cost curves look like?
In an economy C = Rs 8750 and the ratio ok APC and APS = 7:1..
Calculate the level of Income :)
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Syllabus
why is the short-run average cost curve U- shaped ?
give reasons of the following :-
distinguish between Explicit cost and Implicit cost and given example
plz show ans in this question on point....
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 meant by increasing at "decreasing rate/ increasing rate " ? m not able to understand the meaning of the phrase ...........
rectangular hyperbola means??
a. Retirement pension - 500 cr
b. Wages and salaries -6500
c. Contribution of employers to social security-1400
d. Income from property and enterprise-1500
e. Mixed income of self employed-2500
f. Old age pension-700
g. Private final consumption expenditure-3000
h. Payment of compensation of employees by the government-3000
i. Direct purchase of nondurable goods from abroad by the government-1800
j. Net purchases of goods and services by the government in the domestic market-1200
k. NFIA: (-400)
l. Gross domestic capital formation-6000
m. Net domestic capital formation-3000
n. Net indirect taxes-600
o. Net exports-1000
Causes of law of increasing returns, diminishing returns and negative returns ?............ Please give ans. In points
Firm A sells all its product worth rupees 4000 to firm B. Firm B sells its entire output to firm C. firm C sslls its good for final demand rupees 14000 ..calculate
value added by each firm and indirect taxes of 20% is levied on A's product. this burden of tax is shifted to the consumers. find the market price for each firm..
Explain why TVC curve is inverse S-shaped curve?
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
Please Provide The Reasons As Well.1. Price of the given commodity.
2. Expected utility from each successive unit.
To determine the equilibrium point, consumer compare the price of the given commodity with its utility. Being a rational consumer, he will be at equilibrium when marginal utility is equal to price paid for the commodity.
Consumer Equilibrium in case of Single Commodity.
Q.16. What type of production function is this in which only one input is increased and others kept constant? State the behaviour of total product in this production function.
Why does a producer prefers 2nd stage of production?
what is the meaning of articles of social distinction , which are the exceptions to the law of supply?
Why is AR curve also known as the demand curve?
what is production function??what are its characteristics?????
explain conditions of producer's equilibrium with the help of a diagram
depreciation is implicit or explicit cost?give reason
(a) Total variable cost (b) Marginal cost
(c) Average variable cost (d) Average Fixed cost
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.
What are the total fixed cost, total variable cost and total cost of a firm? How are they related?
Which factor leads to shift of PPC?
please give me graphical representation of returns to scale.
What causes a downward movement along a supply curve of a commodity?
TR=TC is normal profit. Why and how?
does supply of a good depend on price of related goods?
if yes,then how? please give a graph
Why does the SMC curve cut the AVC curve at the minimum point of the AVC curve?
can a PPC show a convex curve? explain?
a. When there is just one alternative
b. When there are two or more alternative
c. None of the above
Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.
Define point of inflexion?
Explain the relationship between TC,TVC ,TFC?
Q:Explain 'Fixity of the Factor' as a reason of diminishing returns to a factor.
(Experts, is it really a reason of diminishing returns to a factor???, i am in doubt , please guide.)
Why rising portion of MC curve is supply curve of firm??
what do you mean by the rational producer?????????
(a) Law of the diminishing marginal returns
(b) The price of the variable inputs
(c) Production function
(d) All the three
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.
(i)less than average revenue
(ii)equal to average revenue
[6 marks]
What are the criticisms of law of variable proportions?
What does factors of production and non factors of production mean?Thanks for ur previous answer.
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??
explain the relationshipe between MC and AC with the help of a cost schedule and diagram....
Why MP cuts AP from its maximum point?
what is point of inflexion??
Complete the following table
output (units) tc (rs) avc (rs) mc (rs)
1 90 30
2 27
3 27
4 180 30
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.
calculate mc and avc from following data
output units 1 2 3
total cost 80 96 120
avc 60 30 20
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?
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
(a) AC can rise when MC is falling
(b) AC can rise when MC is rising
(c) AC can fall when MC is rising
(d) None of these
1.purchase of raw materials 200
2. payment of wages & salaries 500
3. payment of rent 50
4. donations 100
5. estimated value of services of owners 300
6. expected min profit 40
7. estimated super normal profit 240 [in rs]
What is meant by globalization in a bottle?
what is ideal factor ratio
1. With the help of demand and supplu schedule. explain the meaning of exess demand and its effect on price.
2. Define equilibrium prie of a commodity, how is it determined ? explain with the help of a schedule.
3. Give reasons and state whether true or false : A. Average cost falls only when marginal cost falls.
B. The difference between average total cost and average variable cost is constant
C. When total revenue is maximum, marginal revenue is also maximum.
4. Explain the effect on the following on the market demand of a commodity.
a.change in the price of related goods.
b.change in the no. of buyers.
5. The price of elasticity of supply of a commodity Y is half the price of the commodity X. 16 percent rise in the price X results in 40 percent rise in supply. If the price of Y falls by 8% calculate ther percentage fall in its supply.
6.explain 3 causes of a shift demand curve of a commodity.
What do the short run marginal cost, average variable cost and short run average cost curves look like?
In an economy C = Rs 8750 and the ratio ok APC and APS = 7:1..
Calculate the level of Income :)