Related Questions

During the four years that Mr. Rahim owned his car,he found that his total car expenses were Tk. 18,000. Fuel and maintenance costs accounted for 1/3 of the total cost and together these two costs accounted for 1/5 of the total cost. If the only other expenses were taxes and License fees, then the cost of financing was how more of less than the cost of taxes and license fees?
A 300 tk less
B 600
C 500
D 8525
“Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the:
A Law of diminishing return
B Law of supply
C Law of demand
D Law of supply and demand
What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?
A Perfect competition
B Oligopoly
C Oligopsony
D Monopoly
Total costs in the short-term are classified into fixed costs and variable costs. Which one of the following is a variable cost?
A Cost of raw material
B Cost of equipment
C Interest payment on past borrowing
D Payment of rent on buildings
Rice costs 1/3rd of the cost of fish and fish and fish costs 5/4th of the cost of meat. How many times is the cost of meat as compared to that of rice?
A 5/12
B 4/5
C 5/4
D 5/3
A bottle and a cork together cost a producer Tk 11. The bottle costs Tk 10 more than the cork. How much does the cork cost in taka?
A 1
B 10
C 1.5
D 0.5
Under which of the following situations, economies of scale exists to the potential and persists?
A When firm is too small and too specialized
B When firm's decision to hire inputs do not result in an increase in the input costs
C When firm is too large and overdiversified
D When long-run cost of producing a unit falls as the output increases
Coffee A costs 75 cents per pound. It is mixed with Coffee B, which normally costs 80 cents per pound, to form a mixture that costs 78 cents per pound. If there are 10 pounds of the mix, how many pounds of Coffee A were used in the mix?
A 3
B 4
C 4.5
D 5
A manufacturer sells three products i.e A, B and C . Product A costs 200 and sells for 250, Product B costs 150 and sells for 180 , product C costs 100 adn sells for 110. On which product, he has maximum percentage of profit?
A B only
B A and B both
C A only
D C only
A manufacturer sells three products i.e A, B and C. Product A costs 200 and sells for 250, Product b costs 150 and sells for 180, product C costs 100 and sells for 110. On which product, he has maximum percentage of profit?
A B only
B A and both
C A only
D C only

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