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In a tournament, the number of balls batsman K faced was 84 less than the number of runs faced together by L and M. The average number of balls faced by all three of them was 15 less than that faced by L alone. What is the average number of balls faced by K and L if M faced 5 balls less than K?
The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form acoherent paragraph.
P- The magnitude of the interdependence depends on the technique of production causing the shifts in the food supply curve.
Q- Interdependence of food and labour market is important for the development process.
R- Similarly, an upward shift in the food supply curve shifts up the food demand curve.
S- An upward shift in the food supply curve would simultaneously result in an upward shift in the labour demand curve.
Which two of the following statements are true? a) A simple monopoly firm always earns super normal profit  b) Sweezy's kinked demand curve model is the best known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity  c) A perfectly competitive firm is price - taker  d) Firms under monopolistic competition earn only normal profits  Choose the correct option from those below 
Which two of the following statements are true?
I. A simple monopoly firm always earns super normal profit
II. Sweezy's kinked demand curve model is the best known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity
III. A perfectly competitive firm is price-taker
IV. Firms under monopolistic competition earn only normal profits
Choose the correct option from those below
A', 'B' and 'C' are partners in a partnership firm named A, B & C. 'A' retires from the firm without giving any public notice. Thereafter, an existing creditor lends Rs. ten lakh to the firm on the basis of his knowledge that 'A', 'B' and 'C' are the three partners in the firm. This amount remains unpaid by the firm. The creditor wants to recover the unpaid loan amount from the firm.
A, B and C are partners in a firm. C retires and X admitted as a new partner. The firm did not give a public notice on the change but continued its business in its old firm name. Z, a customer of the firm, deals with the firm after the change and the firm becomes indebted to him:
If the demand curve of the firm is like to the demand curve of the industry, then the firm will be
Which of the following feature is common to both, perfectly competitive markets and monopolistically competitive markets?
Which of the following choices is true of both perfectly competitive firms and monopolistically competitive firms?
The MC curve reaches its minimum point before the AVC curve and the AC curve. In addition the MC curve intersects the AVC curve and the AC curve at their lowest point. The above statements are both true