| 1 |
When AC curve rises, MC curve remains: |
- A. Above AC
- B. Below AC
- C. Equal AC
- D. Negative
|
| 2 |
Long run average cost curve is : |
- A. U shaped
- B. L shaped
- C. Dish shaped
- D. None of the three
|
| 3 |
One of the following is an example of monopoly. |
- A. Motorways
- B. Pakistan railways
- C. PIA
- D. None of these
|
| 4 |
Unit cost is another name for |
- A. MC
- B. AVC
- C. ATC
- D. AFC
|
| 5 |
MC is given by slope of |
- A. TFC
- B. TC
- C. ATC
- D. AVC
|
| 6 |
TC |
- A. rises continuously
- B. falls then rises
- C. is horizontal to x-axis
- D. is parallel to y-axis
|
| 7 |
As output increases |
- A. MC curve firstly falls then rises
- B. MC firstly rises then falls
- C. MC continuously rises
- D. continuously falls
|
| 8 |
Pollution which is side effect of producing or consuming something and which is not taken into account by producers and sellers is called |
- A. externality
- B. wastage
- C. extra cost
- D. opportunity cost
|
| 9 |
All factors of productions are variable in the: |
- A. Marked period
- B. Short period
- C. long period
- D. None of the three
|
| 10 |
The long run average cost curve is tangent to various |
- A. short run TCs
- B. short run ACs
- C. AVCs
- D. AFCs
|
