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If hiring an extra worker increases a brick making unit's output from 2000 to 2250 units per day, but the factory has to reduce the price of its brickfrom Rs 15 to Rs 14 per brick to sell the additional output, the marginal revenue product of the last worker is

If hiring an extra worker increases a brick making unit's output from 2000 to 2250 units per day, but the factory has to reduce the price of its brickfrom Rs 15 to Rs 14 per brick to sell the additional output, the marginal revenue product of the last worker is Correct Answer Rs 1500

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If one more baker is hired the output of a bakery will increase from 1250 breads to 1400 breads per day, but then the bakery will have to reduce the price ofthe bread from Rs 15 to Rs 14 per unit to sell the additional output, the marginal revenue product of the last baker is _______.
Marginal cost is equal to marginal revenue, average cost is equal to average revenue, average revenue is equal to marginal revenue and average cost is equal to marginal cost. This is the condition of
1. long period equilibrium for a firm under monopoly
2. short period equilibrium for a firm under oligopoly
3. long period equilibrium
4. long period equilibrium for a firm under perfect competitions
Select the correct answer
The marginal cost is equal is to marginal revenue, the average cost is equal to average revenue, average revenue is equal to marginal revenue, and the average cost is equal to marginal cost. This is the condition of
1. Long-period equilibrium for a firm under monopoly.
2. Short-period equilibrium for a firm under oligopoly.
3. Long-period equilibrium
4. Long-period equilibrium for a firm under perfect competition.
In perfect competition, when a firm is in short periods, for equilibrium, the following condition does apply
1. Marginal cost must equal marginal revenue.
2. Average cost must equal average revenue.
3. Marginal revenue must equal average revenue.
4. Marginal cost must equal average cost.
Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A. At what price the two stores bought the product from the company?
Which of the following statements are true/false?
1. Every worker who has worked fora period of 240 days or more in a factory during a calendar year shall be allowed during the subsequent calendar year, leave with wages.
2. A worker who has been allowed leave for not less than four days, in the case of an adult, and five days, in the case of a child shall, before his leave begins, be paid the wages due for the period of the leave allowed.
3. If a worker works in a factory works for more than nine hours in any day or for more than 40 hours in any week, he shall, in respect of overtime work, be entitled to wagesat the rate oftwicehis ordinary rate of wages.4. The periods of work of an adult worker in a factory shall be so arranged that inclusive of his intervals for rest, they shall not spread over more than eleven and a half hours in any day.
The rate of electricity in the rural area is given below: i) up to 25 units - Rs 5 per unit ii) up to 75 units - Rs 7 per units iii) up to 100 units - Rs 9 per units iv) After 100 units - Rs 13 per units Additional charge after 100 units = Rs. 50 The consumption of the electricity of the household is 120 units. How much electricity bill he has to pay?
Factory A and Factory B employ 476 and 524 employees. respectively. The average weekly salary of an employee in Factory A is $34.5 whereas for an employee in Factory B it is $28.5, The standard deviation in paying the individual salary has been recorded as $5 and $4.5 for Factory A and Factory B, respectively. Which factory has greater variability in paying individual salary?