CSS :: Cost Of Production
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1. |
In Monopoly at various output levels: |
A. |
AR = MR |
B. |
AR < MR |
C. |
AR > MR |
D. |
None of these |
Answer: Option A
Explanation:
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2. |
Excise tax is a part of: |
A. |
Fixed cost |
B. |
Variable cost |
C. |
Implicit cost |
D. |
Is not a part of cost |
Answer: Option B
Explanation:
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3. |
The shape of rectangular hyperbola is made by: |
Answer: Option B
Explanation:
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4. |
As output increases: |
A. |
MC curve firstly falls then rises |
B. |
MC firstly rises then falls |
C. |
MC continuously rises |
D. |
None of these |
Answer: Option A
Explanation:
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5. |
Unit cost is another name for: |
Answer: Option C
Explanation:
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6. |
All inputs can be varied: |
A. |
Short run |
B. |
Long run |
C. |
Both periods |
D. |
Non of the period |
Answer: Option B
Explanation:
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7. |
Which statement is true: |
A. |
ATC + AVC = AFC |
B. |
ATC + MC = AFC |
C. |
ATC + AFC = AVC |
D. |
AFC + AVC = ATC |
Answer: Option D
Explanation:
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8. |
Which is NOT a cause of shift in cost curves of a firm: |
A. |
Excise tax |
B. |
Prices of inputs |
C. |
Increase in productivity |
D. |
Price of product |
Answer: Option D
Explanation:
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9. |
MC is given by: |
A. |
Slope of TFC |
B. |
Slope of TC |
C. |
Slope of AC |
D. |
None of these |
Answer: Option B
Explanation:
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10. |
TC |
A. |
Starts from origin |
B. |
Does not start from origin |
C. |
Is parallel to Y-axis |
D. |
None of these |
Answer: Option B
Explanation:
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