Miscellaneous Economics Mcqs

A. Charging different prices for different products
B. Charging the same prices for different products
C. Charging the same prices for same products
D. Charging different prices for the same products

A. Total revenue – quantity
B. Total revenue / quantity sold
C. Total quantity sold quantity sold
D. Total revenue / total cost

A. Price plus quantity
B. Price multiplier by quantity sold
C. Price divided by the quantity sold
D. Price minus quantity sold

A. Profit
B. Profitability
C. Feasibility
D. Realism

A. Fixed costs
B. Variable costs
C. Total costs
D. Revenue

A. The firm is making a loss and will shutdown in the short term
B. The firm is making a profile
C. The firm is making a loss but will continue to produce in the short term
D. The firm is making a loss and is making a negative contribution to fixed costs

A. The total product will fall
B. The average product will fall
C. Average variable cost will fall
D. Total revenue will fall

A. Marginal cost is Rs20
B. Average cost falls
C. Variable cost rises by Rs100
D. Average fixed cost is Rs10

A. is derived from the average fixed costs
B. Converges with the average cost as output increases
C. Equals the total costs divided by the output
D. Equals revenue minus profits

A. Total costs fall
B. Marginal costs increase
C. Average costs fall
D. Revenue falls