Explore topic-wise InterviewSolutions in .

Why are the popcorns inside movie theatres expensive?

How many industries retain licensing after the LPG reforms even today?

A
government report on farmers’ problems says that small and
marginal farmers cannot get good prices from the market. It
recommends that the government should intervene to ensure a better
price but only for small and marginal farmers. Is this recommendation
consistent with the principle of equality?

From the
schedule provided below calculate the total revenue, demand curve and
the price elasticity of demand:

The demand schedule for a firm is shown below

$\begin{array}{cc}Price\left(Rs\right)& Quantity\\ 7& 100\\ 6& 200\\ 5& 300\\ 4& 400\\ 3& 500\end{array}$

What is the maximum revenue for the firm?

'Luck is necessary for success in life'.

In how many ways can one select a cricket team of eleven from 13 players in which only 5 players can bowl. If each cricket team of 11 must include at least 4 bowlers.

Which layer in the atmosphere presents the passing of ultraviolet rays through it?

If the consumer has monotonic preferences, can she be indifferent between the bundles (10, 8) and (8, 6)?

Which of the following rules should be followed by a supplier for profit maximization?

Notice the different senses of the word ‘take’.

1. to take to something: to begin to do something as a habit

2. to take ill: to suddenly become ill

Locate these phrases in the text and notice the way they are used.

Complete the following table

$\begin{array}{ccc}UnitofLabour& AverageProduct\left(units\right)& MarginalProduct\left(units\right)\\ 1& 16& -\\ 2& 20& -\\ 3& -& 20\\ 4& 18& -\\ 5& -& 8\\ 6& 14& -\end{array}$

Suppose the demand and supply curve of commodity X in a perfectly competitive market are given by:

q^D = 700 − p

q^S = 500 + 3p for p ≥ 15

= 0 or 0 ≤ p 15

Assume that the market consists of identical firms. Identify the reason behind the market supply of commodity X being zero at any price less than Rs 15. What will be the equilibrium price for this commodity? At equilibrium, what quantity of X will be produced?

What is a budget line? Why is it downward sloping?

A manufacturing system with a production rate p units/day experiences a demand rate of d units/ day where p>d. Let Q be the maximum production quantity per period. When the total production in a period reaches Q units, the production is stopped and restarted only when inventory becomes zero. In such a scenario, the maximum cycle inventory is

At very high levels of output, ___

For an inferior good with a downward sloping demand curve:

As a result of rise in consumer's income, demand curve for coarse grain (inferior good):

What are the key factors to be considered before starting a new venture ?

What is the formula to measure the cross elasticity of demand?

It can be inferred that the price per vehicle between 1997-98 to 1998-99 has:

What do you mean by 'Global Enterprises'? Briefly discuss its various characteristics.

An isocost line will be shifted further away from the origin

1. 14

‘Supply curve is the rising portion of marginal cost curve over and above the minimum of Average Variable cost curve’. Do you agree? Support your answer with valid reason.

The native population of the Americas dropped from almost 57 million to 5 million. What was the single most important reason for this?

On the basis of the following data, locate the equilibrium position of a competitive producer by comparing MR and MC. Give reasons for your answer.

$\begin{array}{ccc}\text{Output(in Units)}& \text{Price (Rs.)}& \text{MC (Rs.)}\\ 3& 10& 7\\ 4& 10& 8\\ 5& 10& 9\\ 6& 10& 10\\ 7& 10& 11\end{array}$

Will a
profit-maximising firm in a competitive market ever produce a
positive level of output in the range where the marginal cost is
falling? Give an explanation.

The software company promoted by Narayana Murthy is

Wipro

Infosys

Satyam

HCL

Which of the following will help a country become an exporter of a product (assume that the product is a normal good given the median consumer income)?

When does a 'decrease' in supply take place?

Enlist any four measures through which a business can promote its goodwill in the market.

With few exceptions, the free trade agreements had increased India's trade deficit with its partner countries. What are the precautions needed to avoid it in the Regional Comprehensive Economic Partnership (RCEP)?

Which of the following is not a natural disaster?

See the MC and MR curves for a firm given below and identify the profit-maximizing level of output.