| 1 |
Under monopoly average revenue curve remains ______ the marginal revenue curve |
- A. Below
- B. Above
- C. Parallel to
- D. None of three
|
| 2 |
In perfect competition the average revenue curve is |
- A. Vertical
- B. Horizontal
- C. Rising
- D. Declining
|
| 3 |
Reward of capital is called |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
|
| 4 |
Average revenue is equal to |
- A. Price
- B. Total revenue
- C. Marginal revenue
- D. Average cost
|
| 5 |
Which one of the following represents fixed cost |
- A. Price of raw material
- B. Wages
- C. Capital goods
- D. Wages of permanent labour
|
| 6 |
Which factor combines other three factors ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 7 |
When average cost falls marginal cost is ---------------- average cost |
- A. More than
- B. Less than
- C. Equal to
- D. A and C
|
| 8 |
Under perfect competition average revenue is always - - - marginal revenue |
- A. Equal to
- B. Less than
- C. More than
- D. None of three
|
| 9 |
Number of firms under monopoly is |
- A. One
- B. Two
- C. Three
- D. Four
|
| 10 |
The amount of money which a firm gets by selling a particular quantity of output, is called |
- A. Average revenue
- B. Marginal revenue
- C. Total revenue
- D. Fixed cost
|
