Demand and Supply Mcqs Test 08 Preparation Online

Test Instructions

Demand and Supply Mcqs Test 08 Preparation Online

1. Which cost increases continuously with the increase in production?
A.
B.
C.
D.

2. In the short term, when the output of a firm increases, its average fixed cost?
A.
B.
C.
D.

3. Production is a function of?
A.
B.
C.
D.

4. Which of the following cost curves is never Un-shaped?
A.
B.
C.
D.

5. Total costs in the short-term are classified into fixed costs and varibale costs. Which one of the following is a variable cost?
A.
B.
C.
D.

6. The production techniques are technically efficient?
A.
B.
C.
D.

7. The supply of a commodity refers to?
A.
B.
C.
D.

8. A vertical supply curve parallel to the price axis implies that the elasticity of supply is?
A.
B.
C.
D.

9. A significant property of the Cobb - Douglas production function is that the elasticity of substitution between inputs is?
A.
B.
C.
D.

10. An ISO-product curve slopes?
A.
B.
C.
D.


 

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