Cost of Production
Quiz
•
Other
•
9th - 12th Grade
•
Medium
Shelley Buck
Used 1K+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total Costs / Quantity = _____
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Variable Cost/Quantity = _______
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Change in Total Revenue/Change in Quantity
ΔTR/ΔQ = _____
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Total Revenue - Total Cost = _____
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The quantity of input which minimizes average total costs?
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Costs that do not change when the quanity of output produced changes?
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The market value of all the inputs a firm uses in production.
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