| 1 |
When production of a firm increases then total variable costs |
- A. Decrease
- B. Increase
- C. Remain constant
- D. Do not change
|
| 2 |
Additional amount of money which a firm gets by selling an additional unit of output is called |
- A. Average revenue
- B. Marginal revenue
- C. Total revenue
- D. Revenue
|
| 3 |
Which on factor is the basic factor ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 4 |
Average cost curve is in short run |
- A. Negative sloped
- B. U-shaped
- C. L-shaped
- D. Positive sloped
|
| 5 |
Wages of temporary labourers are |
- A. Fixed cost
- B. Marginal cost
- C. Total cost
- D. Variable cost
|
| 6 |
Under monopoly average revenue curve remains the marginal revenue curve |
- A. Below
- B. Above
- C. Parallel
- D. None of these
|
| 7 |
Reward of Land is called. |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
|
| 8 |
What is the reward of Organization ? |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
|
| 9 |
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
|
| 10 |
When a firm's average total cost is equal to price, then it is called as |
- A. Normal profit
- B. Abnormal profit
- C. Normal loss
- D. Abnormal loss
|
