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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....
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.
rectangular hyperbola means??
Causes of law of increasing returns, diminishing returns and negative returns ?............ Please give ans. In points
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
Explain why TVC curve is inverse S-shaped curve?
Complete the following table
output (units) tc (rs) avc (rs) mc (rs)
1 90 30
2 27
3 27
4 180 30
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?
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?
Relationship between AP and TP.
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 ?
TR=TC is normal profit. Why and how?
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?
What causes a downward movement along a supply curve of a commodity?
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?
Define point of inflexion?
Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.
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
please give me graphical representation of returns to scale.
Explain the relationship between TC,TVC ,TFC?
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?
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??
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.
explain the nature of the shape of average revenue curve of a firm under perfect competition?
What is meant by increasing at "decreasing rate/ increasing rate " ? m not able to understand the meaning of the phrase ...........
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.
Assuming that the total fixed cost is Rs 24 .complete the following table
Output(Rs) 1 2 3
ATC(Rs) 50 40 45
AVC(Rs)
MC(Rs)
what is difference between budget line and indefference curve?
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
What is meant by globalization in a bottle?
what is ideal factor ratio
What do the short run marginal cost, average variable cost and short run average cost curves look like?
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Syllabus
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....
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.
wage bill 20000
value of raw materials 60000
interest 6000
fuel consumption 10000
rent 4000
units of output produced 2000
if it sell the entire output at Rs 60 per unit
rectangular hyperbola means??
Causes of law of increasing returns, diminishing returns and negative returns ?............ Please give ans. In points
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.Explain why TVC curve is inverse S-shaped curve?
Complete the following table
output (units) tc (rs) avc (rs) mc (rs)
1 90 30
2 27
3 27
4 180 30
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.
(a) Rs 20
(b) Rs 80
(c) Rs 24
(d) Rs 5
choose the correct option
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?
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) 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
what is the behaviour of total variable cost as output increases?
Relationship between AP and TP.
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 ?
TR=TC is normal profit. Why and how?
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?
What causes a downward movement along a supply curve of a commodity?
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?
Define point of inflexion?
Explain the likely behaviour of total product and marginal product when only one input is increased while all other inputs are kept unchanged.
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
please give me graphical representation of returns to scale.
Explain the relationship between TC,TVC ,TFC?
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?
why is AR in imperfect competition equal to twice of MR ?
(a) Total variable cost (b) Marginal cost
(c) Average variable cost (d) Average Fixed cost
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
Also, What is the meaning of the 'value of coefficient of elasticity of supply'?
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??
explain the determinants of demand and supply
:-)
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.
explain the nature of the shape of average revenue curve of a firm under perfect competition?
What is meant by increasing at "decreasing rate/ increasing rate " ? m not able to understand the meaning of the phrase ...........
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.
Assuming that the total fixed cost is Rs 24 .complete the following table
Output(Rs) 1 2 3
ATC(Rs) 50 40 45
AVC(Rs)
MC(Rs)
what is difference between budget line and indefference curve?
give reasons of the following :-
a. When there is just one alternative
b. When there are two or more alternative
c. None of the above
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
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
What do the short run marginal cost, average variable cost and short run average cost curves look like?
1) When total product is constant average product will fall
2)Average cost will rise only when marginal cost rises