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Question-1
Which one is a profit maximization condition?
(A)
MC>MR
(B)
MC < MR
(C)
MC=MR
(D)
None of these
Question-2
The difference between total cost and total revenue of the firm is ________________
(A)
Profit
(B)
sales
(C)
Growth
(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
An individual unit that produces goods and services is called ________________
(A)
Firm
(B)
Industry
(C)
Group of firms
(D)
None of these
Question-5
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-6
Business firms always try to __________________
(A)
Increase profit
(B)
Reduce cost
(C)
Sales maximization
(D)
All of these
Question-7
Positive pure profits producers to _________________
(A)
Allocate resources
(B)
Make more investments
(C)
Incentive for earing higher profits
(D)
All of these
Question-8
TC curve lies above TR curve suggest that __________________
(A)
TC>TR
(B)
TC < TR
(C)
TC=TR
(D)
None of these
Question-9
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-10
When the difference between TR and TC is large _________________ would be the maximum.
(A)
Profit
(B)
sales
(C)
Growth
(D)
Cost
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Plus 2 Humanities
ICSE/ISC
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