Bachelor of Arts in Economics (BA Economics)

A variable which is free to take any value we choose to assign to it is called

by
Question:

A variable which is free to take any value we choose to assign to it is called

A.

dependent variable

B.

independent variable

C.

endogenous variable

D.

explained variable

Answer» b. independent variable

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

Marginal costs and average variable costs are equal when

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Question:

Marginal costs and average variable costs are equal when

A.

Average variable cost is a maximum

B.

Average variable cost is rising

C.

Average variable cost is falling

D.

Average variable cost is a minimum

Answer» d. Average variable cost is a minimum

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

If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, whichone among the following is the marginal cost of producing the 7th unit

by
Question:

If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, whichone among the following is the marginal cost of producing the 7th unit

A.

46

B.

2

C.

36

D.

42

Answer» a. 46

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