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Economics
History & Civics
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Question-1
Payment for raw material is __________ cost.
(A)
implicit cost
(B)
Transitory cost
(C)
Explicit cost
(D)
None of these
Question-2
LMC interests LAC at ___________ point.
(A)
Maximum
(B)
minimum
(C)
All the points
(D)
none of these
Question-3
The marginal cost is associated with __________.
(A)
Total cost
(B)
Total variable cost
(C)
a and b
(D)
none of these
Question-4
__________ 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
Question-5
Under imperfect competition, MR should be always __________ AR.
(A)
Less
(B)
greater
(C)
equal
(D)
None of these
Question-6
AR line under perfect Competition is also known as __________.
(A)
Income line
(B)
price line
(C)
Expenditure
(D)
none of these
Question-7
Under perfect Competition, the MR would be equal to ____________.
(A)
AR
(B)
TR
(C)
TC
(D)
None of these
Question-8
All money cost could be treated as __________.
(A)
Social costs
(B)
opportunity costs
(C)
explicit costs
(D)
implicit cost
Question-9
All of the curves are U shaped expect:
(A)
ACV
(B)
AFC
(C)
AC
(D)
MC
Question-10
________ is th formula for estimating Average Revenue (AR)
(A)
FX* (T)
(B)
TR/P
(C)
(P*Q)/(Q)
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
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