31. The increase in total output by employing a new worker is called
32. Two goods have to be consumed simultaneously are
33. Which statement is correct?
34. Match the following.
List-I (Characteristics of Perfect Competition)
List-II (Explanations)
a. Many small sellers
1. No seller is able to exert a significant influence over price
b. Many small buyers
2. No buyer's is able to exert a significant influence over price
c. Product undifferentiated
3. Decision to buy are made on the basis of price
d. Easy entry and exit
4. Resources are easily transferable among industries
List-I (Characteristics of Perfect Competition) | List-II (Explanations) |
a. Many small sellers | 1. No seller is able to exert a significant influence over price |
b. Many small buyers | 2. No buyer's is able to exert a significant influence over price |
c. Product undifferentiated | 3. Decision to buy are made on the basis of price |
d. Easy entry and exit | 4. Resources are easily transferable among industries |
35. The inverse relationship between the variation in the price and the variation in the quantity demanded in not due to
36. In the short run, when the output of a firm increases, its average fixed cost
37. Leontief isoquant is
38. A demand curve which is parallel to x-axis displays elasticity
39. Which of the following is not true for forecasting?
40. From the following two statements of Assertion (A) and Reason (R), indicate the correct answer.
Assertion (A) From the marginal costing approach point of view, the marginal cost is compared with the purchase price.
Reason (R) If the marginal cost is less than the purchase price it should be purchased rather than manufactured.
Assertion (A) From the marginal costing approach point of view, the marginal cost is compared with the purchase price.
Reason (R) If the marginal cost is less than the purchase price it should be purchased rather than manufactured.
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