Economics Cost of Production Test 01 Preparation Online Cost of Production Test 01 Preparation Online 1. All inputs can be varied:A. Non of the periodB. Long runC. Short run D. Both periods Loading... 2. Unit cost is another name for:A. ATCB. AFCC. AVCD. MC Loading... 3. The shape of rectangular hyperbola is made by:A. AFCB. MCC. AVC D. None of these Loading... 4. The short run:A. Requires that all inputs are fixedB. Is less than one yearC. Is just long enough to permit entry and exitD. Requires that at least one input is fixed Loading... 5. In Monopoly at various output levels:A. AR = MRB. AR < MRC. AR > MRD. None of these Loading... 6. Which is NOT a cause of shift in cost curves of a firm:A. Prices of inputsB. Price of productC. Excise taxD. Increase in productivity Loading... 7. TC ?A. Does not start from originB. Starts from originC. Is parallel to Y-axisD. None of these Loading... 8. TVC ?A. None of theseB. Starts from originC. Does not start from originD. Is parallel to Y-axis Loading... 9. All the following are U-shaped Except:A. ACB. MCC. AVCD. AFC Loading... 10. As output increases:A. None of theseB. MC curve firstly falls then rises C. MC firstly rises then fallsD. MC continuously rises Loading... 11. Which statement is true:A. ATC + MC = AFCB. ATC + AVC = AFC C. ATC + AFC = AVC D. AFC + AVC = ATC Loading... 12. The cost which a firm incurs for purchasing or hiring factors is called:A. NominalB. Real C. ImplicitD. Explicit Loading... 13. Excise tax is a part of:A. Fixed costB. Is not a part of costC. Implicit costD. Variable cost Loading... 14. MC is given by:A. Slope of TFCB. Slope of ACC. Slope of TCD. None of these Loading... 15. TC is ?A. None of theseB. Is horizontalC. Falls after reaching a maximumD. Rises continuously Loading... Loading... Related PostsScale Of Production and Laws of Returns Mcqs Test…Top Online Schools for Business AdministrationFPSC Special CSS Exam 2023 Registration OnlineVirtual University Admission 2023 Last Date Fee StructureGAT Subject Test Preparation Books 2023Ministry of Defence MOD Jobs NTS Test 2023 Roll No Slip… Continue Reading Previous Bank System Test 06 Preparation OnlineNext Central Bank Test 03 Online Preparation Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ