Question # 1

Short run cost curves are generally

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flatter

u shaped

saucer shaped

oval

One of the following is a fixed capital:

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Raw material

Machinery

Saving certificate

None of these

Which one is immobile factor ?

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Land

Labour

Capital

Organization

Which is the Demand Curve of a frim

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Average Revenue Curve

Marginal Revenue Curve

Total Revenue Curve

Average cost curve

When average cost curve id falling, then marginal cost curve

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Remains below it

Remains above it

Remains parallel to it

Is vertical

Which on factor is the basic factor ?

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Land

Labour

Capital

Organization

One of the following is not land:

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White house

Sub continents

Power house

Both (a) and (b)

Which one of the following represents fixed cost

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Price of raw material

Wages

Capital goods

Wages of permanent labour

Average cost curve is in short run

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Negative sloped

U-shaped

L-shaped

Positive sloped

Wages of temporary labourers are

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Fixed cost

Marginal cost

Total cost

Variable cost

Which factor is helpful for earning more income ?

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Land

Labour

Capital

Organization

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

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Average revenue

Marginal revenue

Total revenue

Revenue

Which is not included in variable cost

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price of raw material

Advertisement expenditures

rent of builiding

wages of labour

When average cost is minimum, marginal cost is - - - - - - - - average cost

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Less than

More than

Equal to

None of three

When total revenue is maximum, marginal revenue is

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More

Less

Constant

Zero

What is the reward of Labour ?

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Rent

Wage

Interest

Profit

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

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