| 1 |
With the increase of output, which cost of production increases: |
|
| 2 |
Amount of money attained by selling marginal product is called |
- A. Average revenue product
- B. Marginal revenue product
- C. Total revenue product
- D. None of three
|
| 3 |
Wages of temporary labourers are: |
- A. Fixed cost
- B. Marginal cost
- C. Total cost
- D. Variable cost
|
| 4 |
In short average cost curve is: |
- A. Saucer shaped
- B. Negative slope
- C. U shaped
- D. Flatter
|
| 5 |
Marginal revenue product curve is called |
- A. Demand curve of firm
- B. Supply curve of firm
- C. Demand curve of industry
- D. Supply curve of industry
|
| 6 |
TC = TFC +: |
- A. MC
- B. AR
- C. TVC
- D. TAC
|
| 7 |
Wages of permanent labourers are: |
- A. Fixed cost
- B. Marginal cost
- C. Total cost
- D. Variable cost
|
| 8 |
According to which economist, some factors are indivisble |
- A. Adam Smith
- B. Marshall
- C. Davenport
- D. Hobson
|
| 9 |
Long run average cost curve is: |
- A. Planning curve
- B. Envelope curve
- C. Flatter curve
- D. All of three
|
| 10 |
Marginal revenue product curve is called |
- A. Demand curve of the firm
- B. Supply curve of the firm
- C. Demand curve of the industry
- D. Supply curve of industry
|
