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A senior quality engineer during a training session trains his juniors about a particular common defect that has been found in their assembly. He has formulated a plan which will rectify the defect and ensure that the same defect does not pass further to the customers. Which of the following inference is incorrect?
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.
A particular price level, there are no forces tending to move it either up or down, it means
1. the firm is in equilibrium.
2. the price is in equilibrium.
3. the equilibrium price of the firm.
4. the equilibrium price and quantity of a firm.
Select the correct answer
Which point defect is known as equilibrium defect?
The following terms relate to floating bodies:  where G = Centre of gravity, M = Meta Centre, W = Weight of floating body, FB = Buoyant force. Match List-I with List-II and select the correct answer. List-I (Condition)  List-II (Result) A. G is above M 1. Stable equilibrium B. G and M coincide 2. Unstable equilibrium C. G is below M 3. Floating body D. FB ≥ W 4. Neutral equilibrium
If any body is tied to three or more ropes and is in the potential equilibrium, and then is allowed to achieve its equilibrium. Then the equilibrium achieved is achieved w.r.t what?
Are these statements about the contact equilibrium processes true? Statement 1: Gas absorption, crystallization comes under the category of contact equilibrium processes. Statement 2: Contact equilibrium processes does not depend on the concentration gradient.
There will be many equilibrium speeds between the maximum equilibrium speed and the mean equilibrium speed.
The equilibrium constant of a reaction is 20 units and the equilibrium constant of other reaction is 30 units when both the reactions are added up together then the equilibrium constant of the resultant reaction is given by _____________