| 1 |
One of the following is not land: |
- A. White house
- B. Sub continents
- C. Power house
- D. Both (a) and (b)
|
| 2 |
Which factor is helpful for earning more income ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 3 |
Under perfect competition average revenue is always - - - marginal revenue |
- A. Equal to
- B. Less than
- C. More than
- D. None of three
|
| 4 |
Dividing total fixed costs by the units of output, is attained |
- A. Average fixed cost
- B. Average variable cost
- C. Average cost
- D. Marginal cost
|
| 5 |
Which one factor is free gift of nature ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 6 |
When average cost curve is rising, then marginal cost curve |
- A. Remains below it
- B. Remains above it
- C. Remains parallel to it
- D. Is vertical
|
| 7 |
Nature of inter-relationship of average revenue and marginal revenue under perfect competition is |
- A. Average revenue remains more than marginal revenue
- B. Average revenue remains less than marginal revenue
- C. Marginal revenue remains less than average revenue
- D. Average revenue remains equal to marginal revenue
|
| 8 |
In the short period, fixed cost curve has the tendency |
- A. Parallel to ox-axis
- B. Parallel to oy-axis
- C. Positive
- D. Negative
|
| 9 |
Number of firms under monopoly is |
- A. One
- B. Two
- C. Three
- D. Four
|
| 10 |
Price of raw material, wages of temporary labourers, transport costs etc,are called |
- A. Fixed costs
- B. Variable costs
- C. Marginal cost
- D. Total cost
|
