| 1 |
The additional cost which a firm has to bear in order to produce additional unit of output, are called |
- A. Average cost
- B. Marginal cost
- C. Fixed costs
- D. Variable costs
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| 2 |
Nature of inter-relationship of average revenue and marginal revenue under perfect competition is |
- A. Average revenue remains more than marginal revenue
- B. Average revenue remains less than marginal revenue
- C. Marginal revenue remains less than average revenue
- D. Average revenue remains equal to marginal revenue
|
| 3 |
Demand curve of a monopolist has the shape |
- A. Falls from left to right
- B. Rises from left to right
- C. Remains below MR curve
- D. Remains parallel to ox-axis
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| 4 |
Which is the Demand Curve of a frim |
- A. Average Revenue Curve
- B. Marginal Revenue Curve
- C. Total Revenue Curve
- D. Average cost curve
|
| 5 |
Which factor combines other three factors ? |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 6 |
One of the following is not land: |
- A. White house
- B. Sub continents
- C. Power house
- D. Both (a) and (b)
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| 7 |
Which one of the following represents fixed cost |
- A. Price of raw material
- B. Wages
- C. Capital goods
- D. Wages of permanent labour
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| 8 |
When average cost increases, marginal cost is - - - - - - average cost |
- A. Less than
- B. More than
- C. Equal to
- D. None of three
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| 9 |
The amount of money which a firm gets by selling a particular quantity of output, is called |
- A. Average revenue
- B. Marginal revenue
- C. Total revenue
- D. Fixed cost
|
| 10 |
All the factors production can be hired except. |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
