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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
What is the reward of Organization ?
Question # 2
Fixed costs are those costs of production which
Question # 3
Short run cost curves are generally
Question # 4
When a firm's average total cost is equal to price, then it is called as
Question # 5
Which one is immobile factor ?
Question # 6
The additional cost which a firm has to bear in order to produce additional unit of output, are called
Question # 7
When average cost curve id falling, then marginal cost curve
Question # 8
Total expenditures which a firm bear to produce a particular quantity of output
Question # 9
Under monopoly average revenue curve remains the marginal revenue curve
Question # 10
One of the following is not land:
Question # 11
Which curve represents demand curve also
Question # 12
When total revenue is maximum, marginal revenue is
Question # 13
Dividing total costs by the units of output is attained
Question # 14
To increase profit a firm minimises
Question # 15
One of the following is not included in implicit cost
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 | When average cost increases, marginal cost is - - - - - - average cost |
A. Less than
B. More than
C. Equal to
D. None of three
|
| 2 | Number of firms under monopoly is |
A. One
B. Two
C. Three
D. Four
|
| 3 | Under monopoly average revenue curve remains the marginal revenue curve |
A. Below
B. Above
C. Parallel
D. None of these
|
| 4 | Which one factor is free gift of nature ? |
A. Land
B. Labour
C. Capital
D. Organization
|
| 5 | When average cost falls marginal cost is ---------------- average cost |
A. More than
B. Less than
C. Equal to
D. A and C
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| 6 | To increase profit a firm minimises |
A. revenues
B. costs
C. demand
D. supply
|
| 7 | Which one of the following represents fixed cost |
A. Price of raw material
B. Wages
C. Capital goods
D. Wages of permanent labour
|
| 8 | One of the following is not land: |
A. White house
B. Sub continents
C. Power house
D. Both (a) and (b)
|
| 9 | Wages of temporary labourers are |
A. Fixed cost
B. Marginal cost
C. Total cost
D. Variable cost
|
| 10 | The kind of market, in which a single firm produces a single commodity which has no close substitute |
A. Monopoly
B. Duopoly
C. Oligopoly
D. Perfect competition
|
Test Questions