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Question-1
When the difference TR is greater than TC leads to __________________
(A)
Normal profit
(B)
Super ormal profit
(C)
Normal loss
(D)
None of these
Question-2
TC curve lies below TR curve suggest that _________________
(A)
TC>TR
(B)
TC < TR
(C)
TC=TR
(D)
None of these
Question-3
TR equals TC is a condition of __________________
(A)
Break even
(B)
Super normal profit
(C)
High profit
(D)
None of these
Question-4
Business firms always try to __________________
(A)
Increase profit
(B)
Reduce cost
(C)
Sales maximization
(D)
All of these
Question-5
_________________ is the amount of profit that are high enough to force the firms to remain in the industry
(A)
Normal profit
(B)
Super normal profit
(C)
Normal loss
(D)
Loss
Question-6
____________ are the main producers of commodities and principal buyers of factors services.
(A)
Firm
(B)
Monopolist
(C)
Oligopolies
(D)
None 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
For profit maximization, MC curve should intersect _________________ curve from below.
(A)
MR
(B)
AR
(C)
TR
(D)
None of these
Question-9
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-10
Normal profits are considered as _________________
(A)
A part of cost of production
(B)
Included in the cost curves
(C)
Comes along with sales
(D)
All of these
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Plus 2 Humanities
ICSE/ISC
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- GOVERNMENT BUDGET
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