11th Principle of Economics Chapter 6 Test

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

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.

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First Year Principles of Economics Chapter 6 Online MCQ Test for 1st Year Principles of Economics Chapter 6 (Firm's Costs of Production and Revenues)

11th Principle of Economics Chapter 6 Test

Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test

Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test

Reward of Land is called.

How many kinds of costs are in the short period

Which one factor is free gift of nature ?

One of the following is not included in explicit cost

The shape of average cost curve in the short period is

Dividing total variable costs by the units of output, is attained

Dividing total revenue by the sold units of output, is attained

What is the reward of Organization ?

Which is not included in variable cost

Average revenue is equal to

Nature of inter-relationship of average revenue and marginal revenue under perfect competition is

When average cost falls, marginal cost is - - - - - - average cost

Additional amount of money which a firm gets by selling an additional unit of output is called

Demand curve of a monopolist has the shape

Which on factor is the basic factor ?

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