When the volume of output is increased then the per unit fixed cost will be

Question:

When the volume of output is increased then the per unit fixed cost will be

A.

increase in the proportion of output.

B.

decrease in the reverse proportion of output

C.

changed but not in proportion of output.

D.

unchanged

Answer» b. decrease in the reverse proportion of output

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

If the cost of production of a cake in bakery is `20 per cake which is ultimately sold to the customer after packing and transporting to the retail shops at `25 per cake. The value added is

Question:

If the cost of production of a cake in bakery is `20 per cake which is ultimately sold to the customer after packing and transporting to the retail shops at `25 per cake. The value added is

A.

`5

B.

`20

C.

`25

D.

`4

Answer» a. `5

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

A sort of tacit understanding/agreement among the intending bidders to stifle competition by not bidding against each other in an auction sale is called as

Question:

A sort of tacit understanding/agreement among the intending bidders to stifle competition by not bidding against each other in an auction sale is called as

A.

Damping

B.

Knock-out agreement

C.

Puffers

D.

By-bidders

Answer» b. Knock-out agreement

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