Bachelor of Arts in Economics (BA Economics)

Recurrent variations in time series that usually last longer than a year is known as ……………

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Question:

Recurrent variations in time series that usually last longer than a year is known as ……………

A.

seasonal variation

B.

secular trend

C.

irregular variation

D.

cyclical variation

Answer» d. cyclical variation

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

If you know that with 8 units of output, average fixed cost is Rs. 12.50 and average variable cost is Rs. 81.25, then total cost at this output level is:

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Question:

If you know that with 8 units of output, average fixed cost is Rs. 12.50 and average variable cost is Rs. 81.25, then total cost at this output level is:

A.

Rs. 93.75.

B.

Rs. 97.78.

C.

Rs. 750.

D.

Rs. 880.

Answer» c. Rs. 750.

Note: The above multiple-choice question is for all general and Competitive Exams in India.