| 1 |
Dividing total revenue by the sold units of output, is attained |
- A. Average revenue
- B. Marginal revenue
- C. Total revenue
- D. Average cost
|
| 2 |
Dividing total costs by the units of output is attained |
- A. Average fixed cost
- B. Average cost
- C. Average variable cost
- D. Marginal cost
|
| 3 |
Slope of average revenue and marginal revenue cures under monopoly is |
- A. positive
- B. negative
- C. zero
- D. none of three
|
| 4 |
One of the following is not land: |
- A. White house
- B. Sub continents
- C. Power house
- D. Both (a) and (b)
|
| 5 |
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
|
| 6 |
Which one is immobile factor ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 7 |
Which one factor is free gift of nature ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 8 |
When average cost falls marginal cost is ---------------- average cost |
- A. More than
- B. Less than
- C. Equal to
- D. A and C
|
| 9 |
The demand curve for monopolist is also called |
- A. Total revenue
- B. Average revenue
- C. Marginal revenue
- D. Zero revenue
|
| 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
|
