| 1 |
The costs which a firm bear only in case of producing commodities |
- A. Fixed costs
- B. Variable costs
- C. Total costs
- D. Average fixed cost
|
| 2 |
One of the following is a fixed capital: |
- A. Raw material
- B. Machinery
- C. Saving certificate
- D. None of these
|
| 3 |
Average cost curve is in short run |
- A. Negative sloped
- B. U-shaped
- C. L-shaped
- D. Positive sloped
|
| 4 |
Reward of capital is called |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
|
| 5 |
The factor of production which is result of human struggle. |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 6 |
The slope of MR curve in monopoly is |
- A. Vertical
- B. Increasing
- C. Horizontal
- D. Negative
|
| 7 |
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
|
| 8 |
Which one is immobile factor ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 9 |
When average cost falls marginal cost is ---------------- average cost |
- A. More than
- B. Less than
- C. Equal to
- D. A and C
|
| 10 |
Reward of Land is called. |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
|
