Cost of Production Test 01 Preparation Online Shani Malik — May 21, 2018 in Economics • add comment Cost of Production Test 01 Preparation Online 1. The short run:A. Requires that at least one input is fixedB. Is less than one yearC. Is just long enough to permit entry and exitD. Requires that all inputs are fixed Loading... 2. Which statement is true:A. ATC + MC = AFCB. AFC + AVC = ATCC. ATC + AVC = AFC D. ATC + AFC = AVC Loading... 3. In Monopoly at various output levels:A. None of theseB. AR < MRC. AR = MRD. AR > MR Loading... 4. Excise tax is a part of:A. Fixed costB. Variable costC. Is not a part of costD. Implicit cost Loading... 5. Unit cost is another name for:A. AFCB. AVCC. MCD. ATC Loading... 6. The cost which a firm incurs for purchasing or hiring factors is called:A. ImplicitB. ExplicitC. NominalD. Real Loading... 7. TC is ?A. Is horizontalB. Falls after reaching a maximumC. Rises continuouslyD. None of these Loading... 8. The shape of rectangular hyperbola is made by:A. AFCB. AVC C. MCD. None of these Loading... 9. Which is NOT a cause of shift in cost curves of a firm:A. Increase in productivity B. Price of productC. Excise taxD. Prices of inputs Loading... 10. MC is given by:A. None of theseB. Slope of TCC. Slope of TFCD. Slope of AC Loading... 11. As output increases:A. MC continuously risesB. MC curve firstly falls then rises C. None of theseD. MC firstly rises then falls Loading... 12. TVC ?A. Does not start from originB. Starts from originC. None of theseD. Is parallel to Y-axis Loading... 13. TC ?A. Starts from originB. Does not start from originC. Is parallel to Y-axisD. None of these Loading... 14. All the following are U-shaped Except:A. AVCB. ACC. AFCD. MC Loading... 15. All inputs can be varied:A. Long runB. Non of the periodC. Both periodsD. Short run Loading... Loading... Related NTS Results Post:Scale Of Production and Laws of Returns Mcqs Test…Variations and Mutations Test 03 Preparation OnlineVariations and Mutations Test 02 Preparation OnlineVariations and Mutations Test 05 Preparation OnlineVariations and Mutations Test 04 Preparation OnlineVariations and Mutations Test 01 Preparation OnlineBalance of Payments Test 04 Preparation OnlineBalance of Payments Test 02 Preparation Online