| 1 |
Which factor is helpful for earning more income ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 2 |
When total revenue is maximum, marginal revenue is |
- A. More
- B. Less
- C. Constant
- D. Zero
|
| 3 |
Which one factor is free gift of nature ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 4 |
Dividing total variable costs by the units of output, is attained |
- A. Average fixed cost
- B. Average variable cost
- C. Average cost
- D. Marginal cost
|
| 5 |
In the short period, fixed cost curve has the tendency |
- A. Parallel to ox-axis
- B. Parallel to oy-axis
- C. Positive
- D. Negative
|
| 6 |
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
|
| 7 |
One of the following is a fixed capital: |
- A. Raw material
- B. Machinery
- C. Saving certificate
- D. None of these
|
| 8 |
The factor of production which is result of human struggle. |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 9 |
Average cost curve is in short run |
- A. Negative sloped
- B. U-shaped
- C. L-shaped
- D. Positive sloped
|
| 10 |
The slope of MR curve in monopoly is |
- A. Vertical
- B. Increasing
- C. Horizontal
- D. Negative
|
