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This online test contains MCQs about following topics:
. Firm's costs of production . Kinds of costs according to payment . Short run costs . Concepts of pre unit costs of output . Interrelationship of average cost and marginal cost . Long run costs . Derivation of long run average cost curve . Derivation of long run marginal cost curve
ICOM Part 1 Economics Ch 6 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 6 "Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test"
Try The MCQ's Test For Chapter 6 "Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test
00:00
Question # 1
One of the following is considered as capital:
Question # 2
Which factor is helpful for earning more income ?
Question # 3
Dividing total variable costs by the units of output, is attained
Question # 4
All the factors production can be hired except.
Question # 5
One of the following is a fixed capital:
Question # 6
Which one is comparatively the most important factor ?
Question # 7
The slope of MR curve in monopoly is
Question # 8
When average cost falls, marginal cost is - - - - - - average cost
Question # 9
Additional amount of money which a firm gets by selling an additional unit of output is called
Question # 10
Which one factor is free gift of nature ?
Question # 11
The shape of average cost curve in the short period is
Question # 12
Slope of average revenue and marginal revenue cures under monopoly is
Question # 13
Dividing total costs by the units of output is attained
Question # 14
The demand curve for monopolist is also called
Question # 15
Price of raw material, wages of temporary labourers, transport costs etc,are called
11th Principle of Economics Chapter 6 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 6 Firm's Costs of Production and Revenues Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 6 "Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test" MCQ`s Test
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S Subtain Ahmed Raza 21 - Jul - 2023 02 Min 57 Sec 14/15 -
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H HaXEeb RajPut 26 - Aug - 2021 03 Min 30 Sec 12/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 6 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 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 | The slope of MR curve in monopoly is |
A. Vertical
B. Increasing
C. Horizontal
D. Negative
|
| 3 | In perfect competition the average revenue curve is |
A. Vertical
B. Horizontal
C. Rising
D. Declining
|
| 4 | Slope of average revenue and marginal revenue cures under monopoly is |
A. positive
B. negative
C. zero
D. none of three
|
| 5 | The costs which increase with the increase in output and decrease with the decrease in output, are called |
A. Variable costs
B. Fixed costs
C. Average costs
D. Marginal cost
|
| 6 | Average revenue is equal to |
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
|
| 7 | One of the following is not land: |
A. White house
B. Sub continents
C. Power house
D. Both (a) and (b)
|
| 8 | Marginal cost curve cuts average cost curve when average cost is |
A. Maximum
B. Minimum
C. Increasing
D. Decreasing
|
| 9 | What is the reward of Organization ? |
A. Rent
B. Wage
C. Interest
D. Profit
|
| 10 | Which one is immobile factor ? |
A. Land
B. Labour
C. Capital
D. Organization
|
Test Questions