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Economics
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Question-1
TC curve lies below TR curve suggest that _________________
(A)
TC>TR
(B)
TC < TR
(C)
TC=TR
(D)
None of these
Question-2
TR equals TC is a condition of __________________
(A)
Break even
(B)
Super normal profit
(C)
High profit
(D)
None of these
Question-3
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-4
Profit per unit of output depends on ________________
(A)
Revenue per unit
(B)
Cost per unit
(C)
Number of output sold
(D)
All of these
Question-5
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-6
Positive pure profits producers to _________________
(A)
Allocate resources
(B)
Make more investments
(C)
Incentive for earing higher profits
(D)
All of these
Question-7
TR curve is a straight line from the __________________
(A)
Top of X axis
(B)
End of Y axis
(C)
Origin
(D)
None of these
Question-8
Economic activity is concerned with _________________
(A)
Population
(B)
Use of scare resources
(C)
Unlimited resources
(D)
Mis-management of resources
Question-9
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
Question-10
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
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