First Year Principles of Economics Chapter 6 Online MCQ Test for 1st Year Principles of Economics Chapter 6 (Firm's Costs of Production and Revenues)

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
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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"

  • Total Questions15

  • Time Allowed20

Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test

00:00
Question # 1

Under monopoly average revenue curve remains ______ the marginal revenue curve

Question # 2

The amount of money which a firm gets by selling a particular quantity of output, is called

Question # 3

Average revenue is equal to

Question # 4

Nature of inter-relationship of average revenue and marginal revenue under perfect competition is

Question # 5

Reward of capital is called

Question # 6

All the factors production can be hired except.

Question # 7

When average cost falls, marginal cost is - - - - - - average cost

Question # 8

When average cost curve is rising, then marginal cost curve

Question # 9

Dividing total revenue by the sold units of output, is attained

Question # 10

Additional amount of money which a firm gets by selling an additional unit of output is called

Question # 11

One of the following is not land:

Question # 12

When total revenue is maximum, marginal revenue is

Question # 13

Number of firms under monopoly is

Question # 14

Which is the Demand Curve of a frim

Question # 15

The slope of MR curve in monopoly is

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