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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
Under monopoly average revenue curve remains ______ the marginal revenue curve
Question # 2
In perfect competition the average revenue curve is
Question # 3
Which factor is helpful for earning more income ?
Question # 4
Slope of average revenue and marginal revenue cures under monopoly is
Question # 5
Which one of the following represents fixed cost
Question # 6
When total revenue is maximum, marginal revenue is
Question # 7
How many kinds of costs are in the short period
Question # 8
One of the following is not land:
Question # 9
What is the reward of Organization ?
Question # 10
Which one is comparatively the most important factor ?
Question # 11
Fixed costs are those costs of production which
Question # 12
Which one is immobile factor ?
Question # 13
Total expenditures which a firm bear to produce a particular quantity of output
Question # 14
Which is not included in variable cost
Question # 15
In the short period, fixed cost curve has the tendency
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.
Top Scorers Of Chapter 6 "Principles of Economics Icom Part 1 English Medium Chapter 6 Online Test" MCQ`s Test
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M Muhammad Hammad Shekhani 30 - Jun - 2021 02 Min 53 Sec 14/15 -
S Subtain Ahmed Raza 21 - Jul - 2023 02 Min 57 Sec 14/15 -
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U Unknown 21 - Jul - 2023 01 Min 57 Sec 13/15 -
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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 | Which is not included in variable cost |
A. price of raw material
B. Advertisement expenditures
C. rent of builiding
D. wages of labour
|
| 2 | What is the reward of Organization ? |
A. Rent
B. Wage
C. Interest
D. Profit
|
| 3 | Short run cost curves are generally |
A. flatter
B. u shaped
C. saucer shaped
D. oval
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| 4 | Which curve represents demand curve also |
A. Marginal revenue
B. Average revenue
C. Total revenue
D. Marginal cost
|
| 5 | Number of firms under monopoly is |
A. One
B. Two
C. Three
D. Four
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| 6 | Under monopoly average revenue curve remains ______ the marginal revenue curve |
A. Below
B. Above
C. Parallel to
D. None of three
|
| 7 | Rent of the building, interest of the capital and salaries of the permanent staff etc are called |
A. Fixed costs
B. Variable
C. Marginal cost
D. Average cost
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| 8 | To increase profit a firm minimises |
A. revenues
B. costs
C. demand
D. supply
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| 9 | When average cost increases, marginal cost is - - - - - - average cost |
A. Less than
B. More than
C. Equal to
D. None of three
|
| 10 | When average cost falls, marginal cost is - - - - - - average cost |
A. Less than
B. More than
C. Equal to
D. None of three
|
Test Questions
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