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English
Economics
History & Civics
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Question-1
A firm is in equilibrium when there is an interest to _________________
(A)
Increase production
(B)
Decrease production
(C)
Neither increase nor decrease production
(D)
None of these
Question-2
Modern theory assumes that the objective of a business firms are _________________
(A)
Profit maximization
(B)
maximum sales
(C)
High growth rate
(D)
All of these
Question-3
Normal profits are _________________
(A)
Helps the forms to remain in the industry
(B)
Pure return on capital
(C)
Pure return for risk
(D)
All of these
Question-4
When the difference between TR and TC is small _______________ would be at minimum level.
(A)
Sales
(B)
Profit
(C)
Cost
(D)
None of these
Question-5
____________ are the main producers of commodities and principal buyers of factors services.
(A)
Firm
(B)
Monopolist
(C)
Oligopolies
(D)
None of these
Question-6
An increase in supply is grater than the increase in demand, the equilibrium price tends to ________.
(A)
increase
(B)
decrease
(C)
remains same
(D)
None of these
Question-7
When TR is less than TC leads to _________________
(A)
Normal profit
(B)
Super normal profit
(C)
Normal loss
(D)
Loss
Question-8
TC curve lies below TR curve suggest that _________________
(A)
TC>TR
(B)
TC < TR
(C)
TC=TR
(D)
None of these
Question-9
TC curve lies above TR curve suggest that __________________
(A)
TC>TR
(B)
TC < TR
(C)
TC=TR
(D)
None of these
Question-10
Fall in the positive pure profits induce producer to ________________
(A)
Allocate less resources
(B)
make less investments
(C)
No incentives for earning higher profits
(D)
All of these
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Practice in Related Chapters
Micro Economic Theory
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Law of Supply and Price Elasticity of Supply
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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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