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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
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Question # 1
The factor of production which is result of human struggle.
Question # 2
In the short period, fixed cost curve has the tendency
Question # 3
Which is not included in variable cost
Question # 4
The kind of market, in which a single firm produces a single commodity which has no close substitute
Question # 5
The amount of money which a firm gets by selling a particular quantity of output, is called
Question # 6
Which one is comparatively the most important factor ?
Question # 7
One of the following is not land:
Question # 8
Which on factor is the basic factor ?
Question # 9
The costs which increase with the increase in output and decrease with the decrease in output, are called
Question # 10
Marginal cost curve cuts average cost curve when average cost is
Question # 11
Slope of average revenue and marginal revenue cures under monopoly is
Question # 12
Dividing total fixed costs by the units of output, is attained
Question # 13
Which is the Demand Curve of a frim
Question # 14
When production of a firm increases then total variable costs
Question # 15
Total expenditures which a firm bear to produce a particular quantity of output
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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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 | How many kinds of costs are in the short period |
A. Two
B. Three
C. Four
D. Five
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| 2 | When average cost falls marginal cost is ---------------- average cost |
A. More than
B. Less than
C. Equal to
D. A and C
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| 3 | Marginal cost curve cuts average cost curve when average cost is |
A. Maximum
B. Minimum
C. Increasing
D. Decreasing
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| 4 | Demand curve of a monopolist has the shape |
A. Falls from left to right
B. Rises from left to right
C. Remains below MR curve
D. Remains parallel to ox-axis
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| 5 | Which one is comparatively the most important factor ? |
A. Land
B. Labour
C. Capital
D. Organization
|
| 6 | 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
|
| 7 | Which curve represents demand curve also |
A. Marginal revenue
B. Average revenue
C. Total revenue
D. Marginal cost
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| 8 | When average cost increases, marginal cost is - - - - - - average cost |
A. Less than
B. More than
C. Equal to
D. None of three
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| 9 | Which factor is helpful for earning more income ? |
A. Land
B. Labour
C. Capital
D. Organization
|
| 10 | 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
|
Test Questions
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