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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
Average revenue is equal to
Question # 2
The costs which a firm bear only in case of producing commodities
Question # 3
Which one factor is free gift of nature ?
Question # 4
The costs which increase with the increase in output and decrease with the decrease in output, are called
Question # 5
When total revenue is maximum, marginal revenue is
Question # 6
One of the following is not included in explicit cost
Question # 7
One of the following is not included in implicit cost
Question # 8
Additional amount of money which a firm gets by selling an additional unit of output is called
Question # 9
One of the following is considered as capital:
Question # 10
Marginal cost curve cuts average cost curve when average cost is
Question # 11
Which curve represents demand curve also
Question # 12
Nature of inter-relationship of average revenue and marginal revenue under perfect competition is
Question # 13
Which factor is helpful for earning more income ?
Question # 14
When average cost curve is rising, then marginal cost curve
Question # 15
Reward of capital is called
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.
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H HaXEeb RajPut 26 - Aug - 2021 03 Min 30 Sec 12/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 6 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Dividing total fixed costs by the units of output, is attained |
A. Average fixed cost
B. Average variable cost
C. Average cost
D. Marginal cost
|
| 2 | Which one of the following represents fixed cost |
A. Price of raw material
B. Wages
C. Capital goods
D. Wages of permanent labour
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| 3 | Price of raw material, wages of temporary labourers, transport costs etc,are called |
A. Fixed costs
B. Variable costs
C. Marginal cost
D. Total cost
|
| 4 | In the short period, fixed cost curve has the tendency |
A. Parallel to ox-axis
B. Parallel to oy-axis
C. Positive
D. Negative
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| 5 | When total revenue is maximum, marginal revenue is |
A. More
B. Less
C. Constant
D. Zero
|
| 6 | Marginal cost curve cuts average cost curve when average cost is |
A. Maximum
B. Minimum
C. Increasing
D. Decreasing
|
| 7 | Which one is immobile factor ? |
A. Land
B. Labour
C. Capital
D. Organization
|
| 8 | One of the following is not land: |
A. White house
B. Sub continents
C. Power house
D. Both (a) and (b)
|
| 9 | One of the following is considered as capital: |
A. Land
B. Labour
C. Raw material
D. Both (a) and (b)
|
| 10 | Reward of Land is called. |
A. Rent
B. Wage
C. Interest
D. Profit
|
Test Questions
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