In the event the other things are exact same, what does the positive matchmaking between speed and provide quantity signify ?

Concern forty-eight. On which assumption, what the law states away from have is based ? (a) There must be no change in earnings levels of consumers and vendors on the market. (b) Rates away from items out-of development continue to be stable (c) Scientific level remains constant (d) All of the above

Question 50. Why away from reduced total of also provide is actually: (a) Escalation in Development Pricing (b) Boost in Price of Substitutes (c) Fall-in amount of Businesses on the market (d) All the over

Matter 52. The amount of a goods which the vendor is preparing to offer in the market in the fixed rates and you may time is known as ? (a) Likewise have (b) Request (c) Flexibility away from supply (d) Elasticity of Consult

Matter 54. Determinating factor of way to obtain products was: (a) Cost of Products (b) Cost of Related Items (c) Price of Grounds regarding Manufacturing (d) Most of the over

Concern 55. Hence of your following the statement holds true ? (a) Rates and quantity provides head matchmaking (b) Supply contour rises regarding kept so you can correct kinkyads (c) Have try impacted by many activities (d) All the a lot more than

Question 56. And that of your following the means shows this new laws from also provide ? (a) S = f(P) (b) S = f(a/p) (c) S = f(Q) (d) Nothing of your own significantly more than

Question 58. Which of the following is correct ? (a) Perfectly Elastic Supply e_s = ? (b) High Elastic Supply e_s > 1 (c) Perfectly Inelastic Supply e_s = 0 (d) All the above

Question 59. e_s = 0 means that elasticity of supply is: (a) Perfectly Elastic Supply (b) Perfectly Inelastic Supply (c) Less Elastic Supply (d) Unit Elastic Supply

Matter 60. Whether your price of services and products goes up because of the 60% however, likewise have expands from the simply 5%, the production of goods might be: (a) Highly Flexible (b) Elastic (c) Inelastic (d) Very well Inelastic

Concern 62. Whenever also provide increases far more which have a result of short upsurge in price, the nature away from also have might possibly be : (a) Flexible (b) Inelastic (c) Really well Flexible (d) Well Inelastic

Question 63. If the proportionate improvement in the supply of products is much more compared to proportionate change in its speed, this new elasticity out of also provide was: (a) Below Equipment (b) Comparable to Product (c) More than Unit (d) Infinite

Concern 64. If your cost of the products goes up from the 60% and provide expands by merely 5%, the production of products would be : (a) Highly Elastic (b) Flexible (c) Inelastic (d) Well Inelastic

Question 65. The measurement of the elasticity of supply is expressed as: (a) \(\frac < ?Q_s/Q_s>< ?P/P>\) (b) \(\frac < Q_s>< ?P>\).\(\frac < 1>< P>\) (c) \(\frac < Q_s>< Q_s>\).?Y (d) \(\frac < ?P>< Q_s>\).\(\frac < P>< ?Q_s>\)

Question 67. Fixed prices is also labeled as: (a) Varying rates (b) Actual pricing (c) Supplementary prices (d) Short-title cost

Also have are from the: (a) A duration of (b) Speed (c) Both (a) and you will (b) (d) Nothing of more than

Matter 68. Also have drops for a passing fancy rates when: (a) Where discover reduced total of have (b) If there is contraction within the also have (c) When also provide increases (d) If you have extension inside the have.

Matter 70. In the small-work on following the affairs are part of the whole process of design: (a) Fixed products (b) Variable factors (c) One another (a) and you can (b) (d) None ones.

Matter 23. What’s a chance cost ? (a) The exact opposite foregon (b) A chance lost (c) Import money (d) Each one of these

The newest elasticity from a straight line also provide bend coming from the brand new heart from provider was: (a) Below unity, (b) more than unity (c) comparable to unity (d) equivalent to no

Question 47. For a firm’s equilibrium: (a) MR = MC (b) MR > MC (c) MR < MC (d) MR = MC = 0