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This online test contains MCQs about following topics:
. Firm's costs of production . Kinds of costs according to payment . Short run costs . Concepts of pre unit costs of output . Interrelationship of average cost and marginal cost . Long run costs . Derivation of long run average cost curve . Derivation of long run marginal cost curve
ICOM Part 1 Economics Ch 6 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 6 "Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test"
Try The MCQ's Test For Chapter 6 "Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test
00:00
Question # 1
How many kinds of costs are in the short period
Question # 2
Which one of the following represents fixed cost
Question # 3
Which one is immobile factor ?
Question # 4
One of the following is considered as capital:
Question # 5
One of the following is not land:
Question # 6
All the factors production can be hired except.
Question # 7
Price of raw material, wages of temporary labourers, transport costs etc,are called
Question # 8
When average cost falls marginal cost is ---------------- average cost
Question # 9
Which one is comparatively the most important factor ?
Question # 10
Demand curve of a monopolist has the shape
Question # 11
Nature of inter-relationship of average revenue and marginal revenue under perfect competition is
Question # 12
Reward of capital is called
Question # 13
To increase profit a firm minimises
Question # 14
Which is the Demand Curve of a frim
Question # 15
The kind of market, in which a single firm produces a single commodity which has no close substitute
11th Principle of Economics Chapter 6 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 6 Firm's Costs of Production and Revenues Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 6 "Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test" MCQ`s Test
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ICom Part 1 Principles of Economics ( English Medium) Chapter 6 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | When production of a firm increases then total variable costs |
A. Decrease
B. Increase
C. Remain constant
D. Do not change
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| 2 | Which factor combines other three factors ? |
A. Land
B. Labour
C. Capital
D. Organization
|
| 3 | Marginal cost curve cuts average cost curve when average cost is |
A. Maximum
B. Minimum
C. Increasing
D. Decreasing
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| 4 | When total revenue is maximum, marginal revenue is |
A. More
B. Less
C. Constant
D. Zero
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| 5 | The costs which the firm has to bear in every condition in the short period, are called |
A. Total costs
B. Fixed costs
C. Variable costs
D. Marginal costs
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| 6 | Which factor is helpful for earning more income ? |
A. Land
B. Labour
C. Capital
D. Organization
|
| 7 | To increase profit a firm minimises |
A. revenues
B. costs
C. demand
D. supply
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| 8 | Dividing total costs by the units of output is attained |
A. Average fixed cost
B. Average cost
C. Average variable cost
D. Marginal cost
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| 9 | Which curve represents demand curve also |
A. Marginal revenue
B. Average revenue
C. Total revenue
D. Marginal cost
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| 10 | Which one is immobile factor ? |
A. Land
B. Labour
C. Capital
D. Organization
|
Test Questions