| 1 |
Dividing total variable costs by the units of output, is attained |
- A. Average fixed cost
- B. Average variable cost
- C. Average cost
- D. Marginal cost
|
| 2 |
Which is the Demand Curve of a frim |
- A. Average Revenue Curve
- B. Marginal Revenue Curve
- C. Total Revenue Curve
- D. Average cost curve
|
| 3 |
Dividing total fixed costs by the units of output, is attained |
- A. Average fixed cost
- B. Average variable cost
- C. Average cost
- D. Marginal cost
|
| 4 |
Under monopoly average revenue curve remains the marginal revenue curve |
- A. Below
- B. Above
- C. Parallel
- D. None of these
|
| 5 |
Which curve represents demand curve also |
- A. Marginal revenue
- B. Average revenue
- C. Total revenue
- D. Marginal cost
|
| 6 |
The kind of market, in which a single firm produces a single commodity which has no close substitute |
- A. Monopoly
- B. Duopoly
- C. Oligopoly
- D. Perfect competition
|
| 7 |
Which factor is helpful for earning more income ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 8 |
Dividing total revenue by the sold units of output, is attained |
- A. Average revenue
- B. Marginal revenue
- C. Total revenue
- D. Average cost
|
| 9 |
Rent of the building, interest of the capital and salaries of the permanent staff etc are called |
- A. Fixed costs
- B. Variable
- C. Marginal cost
- D. Average cost
|
| 10 |
Fixed costs are those costs of production which |
- A. Rise with quantity of output
- B. Do not change with any amount of production
- C. Decline with rising production
- D. None of these
|
