| 1 |
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
|
| 2 |
What is the reward of Organization ? |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
|
| 3 |
When average cost falls, marginal cost is - - - - - - average cost |
- A. Less than
- B. More than
- C. Equal to
- D. None of three
|
| 4 |
Wages of temporary labourers are |
- A. Fixed cost
- B. Marginal cost
- C. Total cost
- D. Variable cost
|
| 5 |
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
|
| 6 |
Reward of capital is called |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
|
| 7 |
Which is not included in variable cost |
- A. price of raw material
- B. Advertisement expenditures
- C. rent of builiding
- D. wages of labour
|
| 8 |
Average cost curve is in short run |
- A. Negative sloped
- B. U-shaped
- C. L-shaped
- D. Positive sloped
|
| 9 |
When average cost falls marginal cost is ---------------- average cost |
- A. More than
- B. Less than
- C. Equal to
- D. A and C
|
| 10 |
Which on factor is the basic factor ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
