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Economics
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Question-1
________ is the per unit cost of th fixed factors of production.
(A)
Average fixed cost
(B)
Average variable cost
(C)
Average total cost
(D)
none of these
Question-2
For large units of out put , AFC would be ________.
(A)
Small
(B)
big
(C)
neither big or small
(D)
none of these
Question-3
The AVC increases after the optimum capacity level of output due to _________.
(A)
Increasing returns
(B)
decreasing returns
(C)
Constant returns to scale
(D)
None of these
Question-4
Average total unit cost means __________.
(A)
General average cost
(B)
Cost of producing one unit
(C)
cost of producing the last unit
(D)
none of these
Question-5
If price of the pen is RS. 5 and a consumer purchases 10 pens. The total expenditure made by the consumer would be Rs _________.
(A)
20
(B)
15
(C)
50
(D)
None of these
Question-6
The cost involved for neither purchase nor hires is known as ____________.
(A)
Explicit cost
(B)
Implicit cost
(C)
Transitory cost
(D)
None of these
Question-7
LAC and LMC are _________ shaped.
(A)
Z
(B)
K
(C)
U
(D)
L
Question-8
LAC Curve become horizontals in the case of _________ industry.
(A)
Decreasing cost
(B)
Increasing cost
(C)
Constant cost
(D)
All of these
Question-9
_________ is not the example of variable cost.
(A)
Salaries of the casual labourers
(B)
depreciation of machinery
(C)
excise duties
(D)
electricity charges
Question-10
AR is same as _________.
(A)
Cost
(B)
Price
(C)
Yield
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
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Demand and Law of Demand
Elasticity of Demand
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
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
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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