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Q:

Other things equal an improvement in productivity will

A) shift the aggregate demand curve to the left B) shift the aggregate supply curve to the right
C) increase the equilibrium price level D) shift the aggregate supply curve to the left
 
Answer & Explanation Answer: B) shift the aggregate supply curve to the right

Explanation:
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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

Q:

What is the theme of 2019 National Productivity Week?

Answer

National Productivity Council (NPC) is celebrating National Productivity week from February 12th to 18th, 2019. This year its theme is "Circular Economy for Productivity & Sustainability”.

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Subject: Important Days and Years Exam Prep: AIEEE , Bank Exams , CAT
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Q:

Economic costs of production differ from accounting costs in that

Answer

Economic costs add the opportunity costs of a firm using its own resources while accounting costs do not.

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Subject: Indian Economy Exam Prep: AIEEE , Bank Exams , CAT
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Q:

Which Protein regulates milk production in mammals?

A) Elastin B) Actin
C) Prolactin D) Collagen
 
Answer & Explanation Answer: C) Prolactin

Explanation:

The Prolactin Protein regulates milk production in mammals.

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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams
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Q:

A raise in the price of a product causes

A) an increase in competition B) an increase in demand
C) a decrease in competition D) a decrease in supply
 
Answer & Explanation Answer: A) an increase in competition

Explanation:

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.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

Cartesian product in relational algebra is

Answer

The Cartesian Product is also an operator which works on two sets. It is sometimes called the CROSS PRODUCT or CROSS JOIN. It combines the tuples of one relation with all the tuples of the other relation.

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Subject: Arithmetical Reasoning Exam Prep: AIEEE , Bank Exams , CAT
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Q:

Production costs to an economist

A) reflect opportunity costs B) consist only of explicit costs
C) always reflect monetary outlays D) never reflect monetary outlays
 
Answer & Explanation Answer: A) reflect opportunity costs

Explanation:

Production costs to an economist reflect opportunity costs.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

An improvement in production technology will

A) shift the supply curve to the left B) shift the demand curve to the left
C) shift the supply curve to the right D) increase equilibrium price
 
Answer & Explanation Answer: C) shift the supply curve to the right

Explanation:

An improvement in production technology will shift the supply curve to the right.

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Filed Under: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO