A competitive firm sells his product at market price of Rs. 51 per unit. The fixed cost is Rs.300 and variable cost for different level of production are shown in the following table 2. Use table No.2 to answer questions

To maximize profit, the firm should produce

A competitive firm sells his product at market price of Rs. 51 per unit. The fixed cost is Rs.300 and variable cost for different level of production are shown in the following table 2. Use table No.2 to answer questions

When production is 50 units, marginal cost is:

A competitive firm sells his product at market price of Rs. 51 per unit. The fixed cost is Rs.300 and variable cost for different level of production are shown in the following table 2. Use table No.2 to answer questions

When production is 30 units, the average variable cost is:

Which of the following statements is incorrect regarding Disinvestment ?

What is Disinvestment?

The following data gives the production possibilities frontier of an economy that produces two types of goods, guns and bread. Read the following table and answer questions

Point D is efficient while point H (30 guns and 45 loaves of bread) is inefficient. Why?

The following data gives the production possibilities frontier of an economy that produces two types of goods, guns and bread. Read the following table and answer questions

Given the data in table 1, one moves successively from point A to point B, C, D, E and F, the opportunity cost of guns:

The following data gives the production possibilities frontier of an economy that produces two types of goods, guns and bread. Read the following table and answer questions

According to table 1, the opportunity cost of increasing gun’s production from 20 to 30 units is equal to

According to the Planning Commission, based on Tendulkar Commitee estimation, ________ % people were below poverty line in 2011-12.

When _____________, we know that the firms must be producing at the minimum point of average cost curve and so there will be productive efficiency