764. The average total cost pf producing 50 units is Rs.250 and total fixed cost is Rs.1000. What is the average fixed cost of producing 100 units?
765. Match the following.
| List-I | List-II |
| a. Increase in demand | 1. Leftward shift of the demand curve |
| b. Extension of demand | 2. Upward shift of the demand curve |
| c. Decrease in demand | 3. Upward movement on the demand curve |
| d. Contraction of demand | 4. Downward movement on the demand curve |
768. The following are the two statements regarding concept of profit. Which of the statements being correct or incorrect.
Statement I Accounting profit is a surplus of total revenue over and above all paid-out costs, including both manufacturing and overhead expenses.
Statement II Economic or pure profit is a residual left after all contractual costs have been met, including the transfer costs of management, insurable risks, depreciation and payments to shareholders sufficient to maintain investment at its current level.
Statement I Accounting profit is a surplus of total revenue over and above all paid-out costs, including both manufacturing and overhead expenses.
Statement II Economic or pure profit is a residual left after all contractual costs have been met, including the transfer costs of management, insurable risks, depreciation and payments to shareholders sufficient to maintain investment at its current level.
770. Which of the following statements is most closely associated with general equilibrium analysis?
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