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Economics
History & Civics
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Question-1
A fixed inputs include __________.
(A)
Cash deposit in the bank
(B)
plant and equipment
(C)
Work force
(D)
raw materials
Question-2
The other names of fixed cost are ________.
(A)
Supplementary cost
(B)
Unavoidable cost
(C)
overhead cost
(D)
All of these
Question-3
__________ refers to the total cost incurred by the firm on the use of all fixed factors.
(A)
Total fixed cost
(B)
Total cost
(C)
total variable cost
(D)
Total transaction cost
Question-4
___________Cost is independent of output.
(A)
Total fixed cost
(B)
Total cost
(C)
total variable cost
(D)
Total transaction cost
Question-5
Total cost is divided into _________.
(A)
Total fixed costs only
(B)
Total variable costs only
(C)
Total fixed costs and total variable costs
(D)
None of these
Question-6
Real cost is a _____ concept.
(A)
Subjective
(B)
objective
(C)
imaginary
(D)
All of these
Question-7
The AVC is _______ sloped at the higher levels of output.
(A)
Negatively
(B)
positively
(C)
parallel
(D)
none of these
Question-8
If the total money expenditure in producing 100 pencils is Rs. 300, then the total cost of production of 100 pencils would be ____________.
(A)
Greater than Rs. 300
(B)
Less than Rs.300
(C)
Equal to or greater than Rs. 300
(D)
Rs. 300
Question-9
TVC curve originates from the _________.
(A)
top
(B)
end of Y axis
(C)
end of X axis
(D)
origin
Question-10
__________ point is known as the optimum point of production.
(A)
AC is minimum
(B)
AC is infinite
(C)
AC is maximum
(D)
none of these
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
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Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
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Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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