Questions 1.
In Indian agriculture, we obtain 120million tons of food grains, by employing 20 millions of labourers, if it employs one more million labour, production rises by 6 million tons, which type of return it is?
Questions 2.
How does MC rises when AC rises?
a) Less fastly , b) More fastly, c) Constant, d) None of these
Questions 3.
What is shown in OABQ in the following figure?
A MC
COST B
O OUTPUT Q
(a) Total Cost (b) Total Fixed Cost (c) Total Variable Cost (d) None of these
Questions 4.
Which of the statement is true? (1)
(a) AR = MR/Q (b) TR = MR X Q (c) TR = ΣMR (d) All of these
Questions 5.
Explain giving reasons for increasing returns to a factor if variable factor is increased. (3)
Questions 6.
How will you treat the following while estimating National Income of India? (3)
(a) Dividend received by an Indian Company from his investment in shares of a foreign company.
(b) Money received by a family in India from relatives working abroad.
(c) Interest received on loans given to a friend for purchasing a car.
Questions 7.
Explain with the help of a diagram the relationship between AC & MC in a short run. (4)
Questions 8.
What is the shape of Average Revenue under Monopoly market? Explain with diagram. (4)
Questions 9.
Complete the following table: - (4)
|
OUTPUT (Units)
|
AVC (`)
|
TC (`)
|
MC (`)
|
|
1
|
-
|
60
|
20
|
|
2
|
18
|
-
|
-
|
|
3
|
-
|
-
|
18
|
|
4
|
20
|
120
|
-
|
|
5
|
22
|
-
|
-
|