Dividing total costs by the units of output is attained:
Dividing total costs by the units of output is attained:
average variable costs | |
marginal costs | |
average fixed cost | |
average costs |
en
User login
Number of firms under monopoly is:
Number of firms under monopoly is:
four | |
two | |
three | |
one |
Slopeo of average and marginal revenue curves under monoply
Slopeo of average and marginal revenue curves under monoply is:
zero | |
positive | |
vertical | |
negative |
The formula of calculating total revenue is:
The formula of calculating total revenue is:
TC / Q | |
AC × Q | |
P × Q | |
P × AC |
The change in total cost is called:
The change in total cost is called:
average fixed cost | |
marginal cost | |
average total cost | |
average variable cost |
When average cost falls, marginal cost is — average cost:
When average cost falls, marginal cost is — average cost:
A and C | |
Equal to | |
Less than | |
More than |
To increase profit a firm minimizes:
To increase profit a firm minimizes:
Costs | |
Revenues | |
Supply | |
Demand |
The difference between total revenues (TR) and total costs (
The difference between total revenues (TR) and total costs (TC) is called:
Utility | |
Profit or loss | |
Loss | |
Profit |
The number of laws of costs is:
The number of laws of costs is:
Three | |
Four | |
Two | |
One |
In short run, fixed cost curve has the tendency:
In short run, fixed cost curve has the tendency:
Negative | |
Positive | |
Parallel to oy-axis | |
Parallel to ox-axis |
Rent of the building, interest of the capital and salaries o
Rent of the building, interest of the capital and salaries of the permanent staff etc are called:
variable costs | |
marginal costs | |
average costs | |
fixed costs |
Prices of raw material, wages of temporary labourers, transp
Prices of raw material, wages of temporary labourers, transport costs etc, are called:
fixed costs | |
total costs | |
marginal costs | |
variable costs |
When average cost curve is falling, then marginal cost curve
When average cost curve is falling, then marginal cost curve:
remains above it | |
remains below it | |
is vertical | |
remains parallel it |
The costs which increase with the increase in output and dec
The costs which increase with the increase in output and decrease with the decrease in output are called:
marginal costs | |
average costs | |
variable costs | |
fixed costs |
Under increasing return, the slope of marginal product curve
Under increasing return, the slope of marginal product curve is:
infinite | |
positive | |
negative | |
zero |
Under decreasing return, the slope of marginal product curve
Under decreasing return, the slope of marginal product curve is:
zero | |
positive | |
infinite | |
negative |
Law of increasing return is highly applied on:
Law of increasing return is highly applied on:
trade | |
agriculture | |
minerals | |
industry |
The law which applies on agriculture immediately:
The law which applies on agriculture immediately:
law of increasing return | |
law of decreasing return | |
law of decreasing cost | |
law of substitution |
In law of increasing cost, marginal cost:
In law of increasing cost, marginal cost:
increases | |
remains the same | |
decreases | |
remains fixed |
In the law of decreasing cost, marginal cost:
In the law of decreasing cost, marginal cost:
decreases | |
remains fixed | |
remains the same | |
increases |