More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test MCQs With Answers
Question # 1
The slope of MR curve in monopoly is
Choose an answer
Vertical
Increasing
Horizontal
Negative
Previous
Skip
Next
Question # 2
Nature of inter-relationship of average revenue and marginal revenue under perfect competition is
Choose an answer
Average revenue remains more than marginal revenue
Average revenue remains less than marginal revenue
Marginal revenue remains less than average revenue
Average revenue remains equal to marginal revenue
Previous
Skip
Next
Question # 3
Demand curve of a monopolist has the shape
Choose an answer
Falls from left to right
Rises from left to right
Remains below MR curve
Remains parallel to ox-axis
Previous
Skip
Next
Question # 4
The demand curve for monopolist is also called
Choose an answer
Total revenue
Average revenue
Marginal revenue
Zero revenue
Previous
Skip
Next
Question # 5
Dividing total fixed costs by the units of output, is attained
Choose an answer
Average fixed cost
Average variable cost
Average cost
Marginal cost
Previous
Skip
Next
Question # 6
Which is the Demand Curve of a frim
Choose an answer
Average Revenue Curve
Marginal Revenue Curve
Total Revenue Curve
Average cost curve
Previous
Skip
Next
Question # 7
Rent of the building, interest of the capital and salaries of the permanent staff etc are called
Choose an answer
Fixed costs
Variable
Marginal cost
Average cost
Previous
Skip
Next
Question # 8
Price of raw material, wages of temporary labourers, transport costs etc,are called
Choose an answer
Fixed costs
Variable costs
Marginal cost
Total cost
Previous
Skip
Next
Question # 9
Which one is immobile factor ?
Choose an answer
Land
Labour
Capital
Organization
Previous
Skip
Next
Question # 10
Slope of average revenue and marginal revenue cures under monopoly is
Choose an answer
positive
negative
zero
none of three
Previous
Skip
Next
Question # 11
Marginal cost curve cuts average cost curve when average cost is
Choose an answer
Maximum
Minimum
Increasing
Decreasing
Previous
Skip
Next
Question # 12
In perfect competition the average revenue curve is
Choose an answer
Vertical
Horizontal
Rising
Declining
Previous
Skip
Next
Question # 13
The amount of money which a firm gets by selling a particular quantity of output, is called
Choose an answer
Average revenue
Marginal revenue
Total revenue
Fixed cost
Previous
Skip
Next
Question # 14
What is the reward of Organization ?
Choose an answer
Rent
Wage
Interest
Profit
Previous
Skip
Next
Question # 15
When average cost curve is rising, then marginal cost curve
Choose an answer
Remains below it
Remains above it
Remains parallel to it
Is vertical
Previous
Skip
Next
Back