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Profit Maximization Test 01 Mcqs Preparation Online

— April 24, 2018 in Economics • add comment

Test Instructions

Profit Maximization Test 01 Mcqs Preparation Online

1. Normal profit is:
A.
B.
C.
D.

2. The necessary condition for equilibrium position of a firm is:
A.
B.
C.
D.

3. A firm's MR exceeds its MC, maximum profit rule requires that firm to:
A.
B.
C.
D.

4. At the point of equilibrium of firm (under perfect competition):
A.
B.
C.
D.

5. Profit is maximum when:
A.
B.
C.
D.

6. Profit is maximum when:
A.
B.
C.
D.

7. The basic goal of a firm is to:
A.
B.
C.
D.

8. Profit is maximum when:
A.
B.
C.
D.

9. A firm earns economic profit when total profit exceeds:
A.
B.
C.
D.

10. Economic profit is:
A.
B.
C.
D.


 

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