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91.

Jobs going behind the schedule are conveniently shown in

A.	Milestone chart	B.	pi chart
C.	Bar chart	D.	Gantt chart

92.

In long run

A.	fixed costs will be greater than variable costs	B.	variable costs will be greater than fixed costs
C.	all costs are variable costs	D.	all costs are fixed costs

93.

A competitive firm will maximise profits at the output where

A.	the difference between price and marginal cost is highest	B.	the difference between marginal revenue and price is highest
C.	price is higher than the average total cost by the largest possible amount	D.	the excess of total revenue over the total cost is greatest.

94.

In the short run, in cannot produce at an economic profit

A.	When he cannot produce at an economic profit	B.	When price falls short of average variable cost at every level of output
C.	When price falls short of average fixed cost at every level of output	D.	When there is no point where marginal revenue are equal.

95.

The substitution effect works to encourage a consumer to purchase more of as product when the price of tha good is falling because

A.	The consumer's real income has increased	B.	The consumer's real income has decreased
C.	The product is now less expensive than before	D.	Other products are now less expensive than before

96.

In the short run, the competitive firm can maximise its profits (or minimise its losses) by

A.	equating price and marginal revenue	B.	equating price and average total cost
C.	increasing marginal cost and lowering average fixed costs	D.	equating marginal cost and marginal revenue

97.

In the long run equilibrium of a competitive firm, which one of the following will not hold true?

A.	Price will equal marginal cost	B.	Marginal cost will equal average cost
C.	Price will equal average cost	D.	Prices will equal average variable cost

98.

During a survey conducted by India Today it was found that the salary of the engineer who graduated 5 years ago, is Rs. 20,000 per year and that the median salary is Rs. 16000 per year. The distribution curve is

A.	slightly skewed to the right	B.	slightly skewed to the left
C.	normal	D.	highly skewed to the right

99.

Who among the following was least associated with fundamental work on time and motion study?

A.	L.M. Gilbrath	B.	F.W.Taylor
C.	F.B.Gilbrath	D.	Prof.J.K.Gailbreth

100.

A negatively skewed curve

A.	will have longer tail one the right hand side	B.	Will have longer tail on the left hand side
C.	implies that mode will be less than the mean	D.	implies that the median will be less than the mean