- Are downward sloping to the right
- Show different input combination producing the same output
- Intersect each other
- Are convex to the origin
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Which one of the following is not a feature of Indifference Curve?
Answer: Option 4 Indifference curves are usually convex to the origin. In other words, the indifference curve is relatively flatter in its right-hand portion and relatively steeper in its left-hand...
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Ponchon Savarit method is based on the use of enthalpy concentration diagram, which contains the bubble point curve (saturated liquid curve), dew point curve (saturated vapour curve) and equilibrium tie lines. As compared to McCabe-Thiele's method, this method?
Answer: Option 4 Let'
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Which of the following ISO level is more closely related to the physical communications facilities?
Answer: Option 4 Let'
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Which of the following is also known as plant curves?
Answer: Option 2 Short-run average cost (SAC) curves is also known as plant curves. These SACs are also called plant curves. In the short run, a firm can operate on...
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Which one is not a assumption of the theory of demand based on analysis of indifference curves?
Answer: Option 3 Constant marginal utility of money is not a assumption of the theory of demand based on analysis of indifference curves. An indifference curve is a graph that...
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Which of the following cost curves is never U-shaped?
Answer: Option 4 Average fixed cost curve is never U-shaped. The average fixed costs AFC curve is downward sloping because fixed costs are distributed over a larger volume when the...
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Which is NOT a cause of shift in cost curves of a firm?
Answer: Option 4 Price of product is not a cause of shift in cost curves of a firm. Cost curves shift in response to changes in two factors: If a...
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Which of the following is not the name of LAC curve?
Answer: Option 3 Round curve is not the name of LAC curve.
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Which of the following firms emphasizes on product’s benefits to the customers rather product attributes?
Answer: Option 2 Market oriented firms emphasizes on product’s benefits to the customers rather product attributes. Market orientation often includes improvements in customer service and product support geared to solving...
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Which of the following firm’s emphasis on product’s benefits to the customers rather than on product attributes?
Answer: Option 2 Market oriented firm’s emphasis on product’s benefits to the customers rather than on product attributes. Market orientation often includes improvements in customer service and product support geared...
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