Practice Test 79
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A competitive firm sells as much as of its product it chooses at a market price of Rs. 100 per unit. Its fixed cost is Rs. 300 and its variable costs (in rupees) for different levels of production are shown in the following table.

Use table 1 to answer question.

To maximize output, the firm should produce

A competitive firm sells as much as of its product it chooses at a market price of Rs. 100 per unit. Its fixed cost is Rs. 300 and its variable costs (in rupees) for different levels of production are shown in the following table.

Use table 1 to answer question.

In the table marginal cost per unit that corresponds to 25 units of production is

A competitive firm sells as much as of its product it chooses at a market price of Rs. 100 per unit. Its fixed cost is Rs. 300 and its variable costs (in rupees) for different levels of production are shown in the following table.

Use table 1 to answer question.

When production is 35 units, the average variable cost is: __________

Which of the following is false about disinvestments?

What is privatization ?

Figure given below gives the PPC for producing two types of commodities X and Y. Read the figure and answer question.

Which point or points in above figure show that outputs are being produced at least cost combination of resources?

Figure given below gives the PPC for producing two types of commodities X and Y. Read the figure and answer question.

Which point in above figure shows that the resources are not being utilized fully?

Figure given below gives the PPC for producing two types of commodities X and Y. Read the figure and answer question.

Which point in the above figure shows that the two commodities cannot be produced with given technology?

At present, the responsibility for the provision of finance for Agriculture, Trade and small industries has been handed over to:

In a free market-economy, when consumer decrease their purchase of a good and the level of _______ exceeds _________ then prices tend to fall.

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GENERAL ECONOMICS
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