CAT Questions

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Khelo India Youth Games, formerly Khelo India School Games, meaning Play India Youth Games, held annually in January or February, are the national level multidisciplinary grassroot games in India held for two categories, namely under-17 years school students and under-21 college students. The 1st edition of Khelo India School Games was Conducted at Shiv Chattarpati Sports Complex, Pune (Maharashtra). 

The demand curve facing a perfectly competitive firm is a horizontal straight line equal to the equilibrium price of the entire market because a perfectly competitive firm can sell all units brought to market at the same price.

Making Optimal decisions at the margin requires "Weighing the costs and benefits of a decision before deciding if it should be pursued".

The raise in the price of a product may be due to increase in cost of production, increase in the demand of the product and increase in the margin.

When the price of a product increases its demand may fall as per the Law of Demand and an increase in the competition.