Question
Which cost represents the expenses that remain constant
regardless of the quantity produced in the short run?Solution
Fixed costs are expenses that do not vary with the level of output or production in the short run and remain constant.
Statements: K ≥ L, N = R, L ≥ R, Q > C = K
Conclusions: I. R ≤ Q II. C ≥ N
Statements: P < L = O; N = M ≤ J ≤ K; M ≤ L
Conclusions:
I. K ≥ O
II. N ≤ L
III. O ≥ N
Statements: G ≤ D < F; C > D = E; A ≤ B < C; G > H
Conclusions:
I. C > H
II. F > A
III. E < B
If we arrange all the letters of the word ‘SUPPLIERS’ in alphabetical order from the left end, then, which letter will remain at its initial positio...
Statements: Z > L = I ≥ X = W > K = P, P < N = J
Conclusions:
I. X > J
II. J > K
III. P ≤ L
In the question, relationship between some elements is shown in the statements (s). These statements are followed by two conclusions. Read the statemen...
Statements: R > N > Z < O = I ≥ T < W < S ≤ L
Conclusion
I: L > Z
II: O > T
Statements: A > B ≥ C; D ≤ C > E > F; H < F
Conclusions:
I. H ≤ B
II. A > D
III. D > F
Statements: U > H ≥ W; S > T ≥ B; S < H; C ≤ D = U
Conclusions:
I. D > B
II. T < U
III. W ≤ D
Which of the following symbols should replace the question mark in the given statement in order to make conclusion 'B>Z' as well as 'C>X' definitely tr...
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