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Question-1
The shape of Marginal Cost (MC) is ________
(A)
L shaped
(B)
R shaped
(C)
U shaped
(D)
Z shaped
Question-2
When a producer gets 100 crore from the sale of 10 units of goods. When he sells an additional unit, his total revenue becomes 109 crore. The marginal revenue in this cases is :
(A)
3
(B)
2
(C)
1
(D)
9
Question-3
Fixed costs are known as _________.
(A)
Special costs
(B)
direct costs
(C)
prime costs
(D)
overhead costs
Question-4
Even if the firm wants to produce one unit, it must incur ________ cost.
(A)
Total fixed cost
(B)
Total cost
(C)
Total variable cost
(D)
Total transaction cost
Question-5
When MR is positive, the TR __________
(A)
Increases with an increases in input,
(B)
Decreases with an increase in output
(C)
increases with an increases in output
(D)
None of these
Question-6
The other names of fixed cost are ________.
(A)
Supplementary cost
(B)
Unavoidable cost
(C)
overhead cost
(D)
All of these
Question-7
When output is zero, total variable cost would be _________.
(A)
Zero
(B)
one
(C)
Unity
(D)
infinity
Question-8
TR curve under perfect Competition, must go through origin due to __________.
(A)
Zero output TR is zero
(B)
Zero output TR is one
(C)
one out put TR is one
(D)
none of these
Question-9
Average cost is estimated by _________.
(A)
Total cost plus number of units
(B)
Total cost divided by number of units
(C)
Total cost minus number of units
(D)
Total cost multiplied by number of units
Question-10
The sum of explicit cost and implicit cost including profit is known as _______.
(A)
Transit cost
(B)
rental cost
(C)
economic cost
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
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Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
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Equilibrium Price: Market Price
Nature of Goods and Services Produced
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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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