1 |
The demand curve for monopolist is also called |
- A. Total revenue
- B. Average revenue
- C. Marginal revenue
- D. Zero revenue
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2 |
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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3 |
In perfect competition the average revenue curve is |
- A. Vertical
- B. Horizontal
- C. Rising
- D. Declining
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4 |
Reward of capital is called |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
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5 |
What is the reward of Labour ? |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
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6 |
All the factors production can be hired except. |
- A. Land
- B. Labour
- C. Capital
- D. Organization
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7 |
Additional amount of money which a firm gets by selling an additional unit of output is called |
- A. Average revenue
- B. Marginal revenue
- C. Total revenue
- D. Revenue
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8 |
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
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9 |
Wages of temporary labourers are |
- A. Fixed cost
- B. Marginal cost
- C. Total cost
- D. Variable cost
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10 |
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
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