MCQ Economics Class 12 Chapter 3 Production and Costs Microeconomics Advertisement MCQ’s For All Chapters – Microeconomics Class 12th 1. The costs which vary as the level of output varies are called:Prime costsIndirect costsReal costsNone of theseQuestion 1 of 102. Per unit cost of a good is calledTotal fixed costVariable costAverage costNone of theseQuestion 2 of 103. What happens to ATC when MC< ATC?ATC will riseATC will fallATC will remain constartNone of theseQuestion 3 of 104. Under perfect competition :MR curve is below AR curvePrice = AR = MRAR remains constantboth (b) and (c)Question 4 of 105. Under monopoly MR can be negative only when :AR is increasingAR is decreasingAR is constantAR = OQuestion 5 of 106. When MR zero, thenTR is minimumTR is zeroTR is maximumTR is equal to MRQuestion 6 of 107. Which of the following equations is correct ? abcdQuestion 7 of 108. When TR increases at constant rate, MR should be:IncreasingDecreasingConstantZeroQuestion 8 of 109. Which is the following statements is appropriate in case of monopoly?AR curve slopes upwards while MR curve slopes downwardsSlope of both AR and MR curves is upwardsSlope of both AR and MR curves is downwards and MR curve is below AR curveSlope of both AR and MR curves is downwards and MR curve is above AR curveQuestion 9 of 1010. Average revenue :Can be negativeCannot be negativeIs zero when TR is zeroBoth (b) and (c)Question 10 of 10 Loading...
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