| 1 |
x = f (y). |
- A. x is a dependent variable.
- B. y is a dependent variables
- C. x and y are dependents variables.
- D. None of the three
|
| 2 |
Total cost = Total variable cost in the. |
- A. Marked period
- B. Short run
- C. Long run
- D. None of the three
|
| 3 |
Economics is a science |
- A. Spiritual
- B. Social
- C. dismal
- D. moral
|
| 4 |
The minimum wage is an example of |
- A. price floor
- B. price ceiling
- C. equilibrium wage
- D. efficiency of labour
|
| 5 |
A monopoly firm is in equilibrium when |
- A. MC intersects AC
- B. MC intersect MR
- C. AC intersects AR
- D. TC intersects TR
|
| 6 |
Which one is the assumption of law of demand? |
- A. price of the commodity should not change
- B. quantity demand should not change
- C. income of the consumer should not change
- D. none of the above
|
| 7 |
A firm maximizes profit of |
- A. MRP = wage rate
- B. MRP = ARP
- C. MRP is rising
- D. TRP = wages
|
| 8 |
The law of demand will not be apply in case of |
- A. Inferior goods
- B. Superior goods
- C. Normal goods
- D. Non of them
|
| 9 |
One of the following is not an assumption of law of supply. |
- A. Political system should not changed
- B. Cost of production should not changed
- C. Production technique should not changed
- D. Cost of raw material should not changed
|
| 10 |
Efficiency of land can be promoted by. |
- A. Means of communication
- B. Fertility of land
- C. Climate condition
- D. Quality of other factors
|
