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Mr. Abul Kashem has set up a pultry firm with investment of TA, 50,000. He gets an average yearly income of TA. 36,000 from the firm, If he did not set up this poultry firm, with this investment he could set up a grocery shop. From such grocery he could get an yearly income of TA. 39,000. What is the opportunity cost of the Poultry firm that Mr. Kashem is running?
A
TA. 50,000
B
TA. 37,500
C
TA. 39,000
D
TA. 11,000
Correct Answer:
TA. 39,000
Mr. Abul Kashem has set up a poultry firm with an investment of TA. 50.000 . He gets an average yearly income of TA. 36,000 from the firm. If he did not set up this poultry from such grocery he could get an yearly income of TA. 39,000 . What is the opportunity cost of the Poultry firm that Mr. Kashem is running?
A
TA. 50,000
B
TA . 37,500
C
TA. 39,000
D
TA. 11,000
A lady buys grocery worth Rs. 350 from a shop. The shopkeeper is selling the goods with zero profit.
The lady gives him Rs. 2000 note. The shopkeeper gets the change from the next shop, keeps 350 for himself and returns Rs.1650 to the lady.
Later, the shopkeeper of the next shop comes with Rs. 2000 note saying that it is a duplicate note and takes his money back.
How much loss did the shopkeeper face?
A
Rs. 3650
B
Rs. 2350
C
Rs. 2000
D
Rs. 4000
E
Rs. 1650
If the first two statements are true, the third statement is :
I. The Shop and Save Grocery is south of Greenwood Pharmacy.
II. Rebecca's house is northeast of Greenwood Pharmacy.
III. Rebecca's house is west of the Shop and Save Grocery.
A
true
B
false
C
[C. uncertain
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
A
Both 1 and 4
B
Both 3 and 4
C
Both 3 and 1
D
Only 1
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
1 and 4
B
3 and 4
C
1 and 3
D
Only 1
The Head of a newly formed government desires to appoint five of the six elected members A,B,C,D,E and F to portfolios of Home,Power,Defence ,Telecom and Finance.F dose not want any portfolio if D gets one the five.C wants either Home or Finance or on portfolio.B says that if D gets either Power or Telecom then she must get the other one.E insists on a portfolio if A gets one. If a gets Home and C gets Finance,then which is NOT a valid assignment for Defence and Telecom?
A
B-Defence,D-Telecom
B
B-Defence,E-Telecom
C
F-Defence,B-Telecom
D
D-Defence,B-Telecom
A lady buys goods worth Rs. 200 from a shop. (shopkeeper is selling the goods with zero profit). The lady gives him a Rs. 1000 note. The shopkeeper gets the change from the next shop and keeps Rs. 200 for himself and returns Rs.800 to the lady. Later the shopkeeper of the next shop comes with the Rs.1000 note saying “duplicate” and takes his money back.How much LOSS did the shopkeeper face?
A
Rs. 200
B
Rs. 800
C
Rs. 1000
D
Rs. 1200
E
Rs. 1800
A sum of Rs. 53 is divided among A, B and C in such a way that A gets Rs. 7 more than what B gets and B gets Rs. 8 more than what C gets. The ratio of their share is gets. The ratio of their share is = ?
A
16 : 9 : 18
B
25 : 18 : 10
C
18 : 25 : 10
D
15 : 8 : 30
A sum of Rs. 76 is divided among A, B and C in such a way that A gets Rs. 7 more than what B gets and B gets Rs. 6 more than what C gets. The ratio of their share is gets. The ratio of their share is = ?
A
19 : 24 : 33
B
32 : 25 : 19
C
32 : 24 : 20
D
19 : 25 : 33
Rs 11,550 has to be divided between X, Y & Z such that X gets 4/5 of what Y gets and Y gets 2/3 of what Z gets. How much more does Z get over X (inRs)?
A
7200
B
1800
C
1390
D
2450