Question # 1

The costs which a firm bear only in case of producing commodities

Choose an answer

Fixed costs

Variable costs

Total costs

Average fixed cost

To increase profit a firm minimises

Choose an answer

revenues

costs

demand

supply

How many kinds of costs are in the short period

Choose an answer

Two

Three

Four

Five

Which factor is helpful for earning more income ?

Choose an answer

Land

Labour

Capital

Organization

Reward of capital is called

Choose an answer

Rent

Wage

Interest

Profit

Which is not included in variable cost

Choose an answer

price of raw material

Advertisement expenditures

rent of builiding

wages of labour

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

Choose an answer

Average revenue

Marginal revenue

Total revenue

Revenue

In perfect competition the average revenue curve is

Choose an answer

Vertical

Horizontal

Rising

Declining

One of the following is a fixed capital:

Choose an answer

Raw material

Machinery

Saving certificate

None of these

Marginal cost curve cuts average cost curve when average cost is

Choose an answer

Maximum

Minimum

Increasing

Decreasing

What is the reward of Organization ?

Choose an answer

Rent

Wage

Interest

Profit

Which one is immobile factor ?

Choose an answer

Land

Labour

Capital

Organization

The shape of average cost curve in the short period is

Choose an answer

Vertical

Horizontal

Positively sloping

Like English alphabet U

In the short period, fixed cost curve has the tendency

Choose an answer

Parallel to ox-axis

Parallel to oy-axis

Positive

Negative

One of the following is not included in implicit cost

Choose an answer

Interest of entrepreneur's own capital

Rent of building

Reward of entrepreneur's own labour

Reward of entrepreneur's own land

Which one of the following represents fixed cost

Choose an answer

Price of raw material

Wages

Capital goods

Wages of permanent labour

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer