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Economics
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Question-1
___________Cost is independent of output.
(A)
Total fixed cost
(B)
Total cost
(C)
total variable cost
(D)
Total transaction cost
Question-2
_____________cost refers to the cost that the society has to bear on account of production of a commodity.
(A)
Private
(B)
Social
(C)
mixed
(D)
None of these
Question-3
_________ is an example of variable factor of production.
(A)
Machinery
(B)
Management
(C)
labour
(D)
none of these
Question-4
For every small units of output, AFC would be __________.
(A)
Small
(B)
big
(C)
neither big or small
(D)
none of these
Question-5
TVC Curve initially _________ sloped.
(A)
Positively
(B)
Negatively
(C)
parallel
(D)
none of these
Question-6
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-7
_________ are the factors the quantity of which can neither increased nor decreased in the short-run
(A)
Fixed factors
(B)
Variable factors
(C)
trajectory factors
(D)
None of these
Question-8
The distance between average total cost curve and average variable cost gets smaller as production __________.
(A)
Increases
(B)
Decreases
(C)
remains same
(D)
None of these
Question-9
Average revenue is computed by ___________.
(A)
Total revenue plus output
(B)
Total revenue multiplied by out put
(C)
Total revenue divided by output
(D)
None of these
Question-10
The shape of AVC is ___________.
(A)
L Shaped
(B)
R shaped
(C)
U shaped
(D)
Z shaped
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Plus 2 Humanities
ICSE/ISC
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National Income and Circular Flow of Income
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- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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