| 1 |
What is the reward of Organization ? |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
|
| 2 |
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
|
| 3 |
Price of raw material, wages of temporary labourers, transport costs etc,are called |
- A. Fixed costs
- B. Variable costs
- C. Marginal cost
- D. Total cost
|
| 4 |
Which one is immobile factor ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 5 |
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
|
| 6 |
The slope of MR curve in monopoly is |
- A. Vertical
- B. Increasing
- C. Horizontal
- D. Negative
|
| 7 |
Average cost curve is in short run |
- A. Negative sloped
- B. U-shaped
- C. L-shaped
- D. Positive sloped
|
| 8 |
Reward of capital is called |
- A. Rent
- B. Wage
- C. Interest
- D. Profit
|
| 9 |
Under monopoly average revenue curve remains the marginal revenue curve |
- A. Below
- B. Above
- C. Parallel
- D. None of these
|
| 10 |
To increase profit a firm minimises |
- A. revenues
- B. costs
- C. demand
- D. supply
|
