Economics MCQS with Answers 1st Year
MC is given by slope of
AVC
TC
ATC
TFC
Total cost curve in general is a.
Long function
Linear function
Cubic function
Quadratic function
Unit cost is another name for
AVC
AFC
MC
ATC
Excise tax is a part of
implicit cost
in not a part of cost
fixed cost
variable cost
Variable cost of production are also called.
Total variable cost
Fixed cost
Prime cost
Supplementary cost
Which is NOT a cause of shift in cost curves of a frim
prices of inputs
excise tax
price of product
increase in productivity