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2757. Which of the following cost curves is never U-shaped?

Average cost curve
Marginal cost curve
Average variable cost curve
Average fixed cost curve
✅ The correct answer is D.
Average fixed cost curve is never U-shaped. The average fixed costs AFC curve is downward sloping because fixed costs are distributed over a larger volume when the quantity produced increases.

255. Gross profit is equal to

Opening stock + purchases – closing stock
Net profit – expenses
Sales – Closing stock + purchases
Sales – Cost of goods sold
✅ The correct answer is D.
Gross profit is equal to Sales – Cost of goods sold.

2746. Price-taking firms i.e., firms that operate in a perfectly competitive market, are said to be ‘small’ relative to the market. Which of the following best describes this smallness?

The individual firm must have fewer than 10 employees
The individual firm faces a downward-sloping demand curve
The individual firm has assets less than Rs. 20 lakhs
The individual firm is unable to affect market price through its output decisions
✅ The correct answer is D.
The individual firm is unable to affect market price through its output decisions best describes this smallness.

2725. The most common form of securing channels is through ________.

S-HTTP
VPNs
SSL
PPTP
✅ The correct answer is C.
The most common form of securing channels is through SSL. SSL (Secure Sockets Layer) is a standard security technology for establishing an encrypted link between a server and a client—typically a web server (website) and a browser; or a mail server and a mail client (e.g., Outlook).
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