Another way of talking about opportunity costs might be as________________?

Related Mcqs:

1. If the price is less than the average costs but higher than the average variable costs ?

   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

2. If an economy moves from producing 10 units of A and 4 units of B to producing 7 As and 5Bs The opportunity cost of the 5th B is ?

   A. 7As
   B. 10As
   C. 3As
   D. 1A

3. Personality must be considered as________________?

   A. interplay between environment and learned behavior
   B. a result of biology alone
   C. role demands
   D. more a function of heredity than anything else

4. Deviance is defined as________________?

   A. breaking legal codes
   B. behavior forbidden by religion
   C. behavior that passes the limits of what the social group tolerates
   D. any violation of societal norms

5. Urbanism is defined as________________?

   A. the migration of people from rural to urban centers
   B. a set of attitudes and a way of life distinct from the rural
   C. the growth of cities and suburbs at the expense of rural areas
   D. the study of the growth and decline of populations

6. The author of a famous treatise on the origin of the state characterized existence in the “state of nature” as________________?

   A. similar to an earthly paradise
   B. among “noble savages”
   C. “solitary poor nasty brutish and short”
   D. a pre-Christian utopia

7. Conflict theorists see the states functions as________________?

   A. protecting the interest of the ruling elite only
   B. helping the poor and homeless
   C. bringing peace to its citizens
   D. directing the economy

8. Total increases from Rs500 to Rs600 when output increases from 20 to 30 units. Fixed costs are Rs200 Which of the following is true ?

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

9. In Which of the business cycle do firms try to cut stocks in order to save costs ?

   A. The upturn
   B. The peeking out
   C. The expansion
   D. The recession

10. The total costs are Rs2000 and 10 units are produced. The marginal cost of an 11th unit is Rs1300 Which of the following is true ?

    A. The average cost increase from Rs20 to Rs30
    B. The total costs for 11 units are Rs700
    C. The average cost for 10 units is Rs1300
    D. The average cost for 11 units is Rs1300