When average product decreases, the marginal product is always:
Anonymous Quiz
31%
greater than average product
29%
less than average product
22%
increasing
18%
decreasing
Question of the Day:)
Assertion (A): In a Common-Size Statement, figures of previous year are taken as base for comparison.
Reason (R): Common-Size Statements enable horizontal analysis.
In the context of the above two statements, which of the following is correct?
Codes:
(a) A and R both are correct and R correctly explains A
(b) Both A and R are correct but R does not explain A
(c) Both A and R are incorrect
(d) A is correct but R is incorrect
Assertion (A): In a Common-Size Statement, figures of previous year are taken as base for comparison.
Reason (R): Common-Size Statements enable horizontal analysis.
In the context of the above two statements, which of the following is correct?
Codes:
(a) A and R both are correct and R correctly explains A
(b) Both A and R are correct but R does not explain A
(c) Both A and R are incorrect
(d) A is correct but R is incorrect
If a firm production department data says that the TVC for producing 8 units and 10 units of output is Rs. 2,500 and Rs. 3,000 respectively, marginal cost of 10th unit will be:
Anonymous Quiz
18%
Rs. 100
25%
Rs. 150
36%
Rs. 500
21%
Rs. 250
Question of the Day:) A dentist was charging Rs. 300 for a standard cleaning job and it used to generate total revenue equal to Rs. 30,000 per month. She has, since last month, increased the price of dental cleaning to Rs. 350. As a result, fewer customers are now coming for dental cleaning, but the total revenue is now Rs. 33,250. From this, what can we conclude about the elasticity of demand for her dental service.
The funds required by 'Snapdeal' to advertise in the newspapers is an example of:
Anonymous Quiz
21%
Ploughing back of Profits
24%
Trade Credit
18%
Fixed capital requirements
36%
Working capital requirements
A person gets his stock worth Rs 60,000 insured for Rs 80,000. A fire occurs and the whole stock gets damaged. The insurance company admits a claim of Rs 60,000 only and not Rs 80,000. Identify the principle of insurance being applied.
Anonymous Quiz
22%
Principle of contribution
23%
Principle of subrogation
31%
Principle of indemnity
24%
Principle of insurable interest
Forwarded from Rajat Arora - Class 12th Chintu/Chinti Gang
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