| 1 |
In monopoly at various output levels |
- A. AR = MR
- B. AR < MR
- C. AR > MR
- D. AR and MR curves are parallel
|
| 2 |
Which is NOT a cause of shift in cost curves of a frim |
- A. excise tax
- B. prices of inputs
- C. increase in productivity
- D. price of product
|
| 3 |
As out put increases, AC curve |
- A. falls
- B. rises
- C. remains constant
- D. all of the above
|
| 4 |
Long rum is a period |
- A. three years or longer
- B. long enough to allow firms to change plant size and capacity
- C. in which a firm need not get loans
- D. which affects larger more than smaller firms
|
| 5 |
TVC |
- A. starts from origin
- B. not from origin
- C. is parallel to x-axis
- D. is parallel to y-axis
|
| 6 |
TC |
- A. starts from origin
- B. not from origin
- C. is parallel to y-axis
- D. parallel to x- axis
|
| 7 |
Total fixed cost curve is . |
- A. Parallel to the vertical axis
- B. Parallel to the horizontal axis
- C. Sloping downward to the right
- D. Sloping upward to the right
|
| 8 |
All inputs can be varied in |
- A. short run
- B. long run
- C. both periods
- D. non of the period
|
| 9 |
Change in total cost on the production of one additional unit of output is calculated as . |
- A. Marginal cost
- B. Average cost
- C. Total cost
- D. Marginal product
|
| 10 |
As output increases |
- A. MC curve firstly falls then rises
- B. MC firstly rises then falls
- C. MC continuously rises
- D. continuously falls
|
