First Year Principles of Economics Chapter 6 Online MCQ Test for 1st Year Principles of Economics Chapter 6 (Firm's Costs of Production and Revenues)

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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
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Online 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"

  • Total Questions15

  • Time Allowed20

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

00:00
Question # 1

One of the following is not included in explicit cost

Question # 2

Which curve represents demand curve also

Question # 3

Total expenditures which a firm bear to produce a particular quantity of output

Question # 4

Which on factor is the basic factor ?

Question # 5

Reward of Land is called.

Question # 6

The demand curve for monopolist is also called

Question # 7

Which one is immobile factor ?

Question # 8

Reward of capital is called

Question # 9

Dividing total revenue by the sold units of output, is attained

Question # 10

Dividing total variable costs by the units of output, is attained

Question # 11

The costs which a firm bear only in case of producing commodities

Question # 12

Short run cost curves are generally

Question # 13

One of the following is not included in implicit cost

Question # 14

All the factors production can be hired except.

Question # 15

Demand curve of a monopolist has the shape

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