Cost
Quiz
•
Social Studies
•
11th - 12th Grade
•
Practice Problem
•
Medium

Payal Singh
Used 540+ times
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Types of cost are
fixed and variable
Avg and full
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The shape of Marginal cost is
U shaped
S shaped
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The MC curve cuts AC at its
highest point
minimum point
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
ATC is a summation of
AFC and AVC
FC and VC
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The shape of AFC is
rectangular hyperbole
S shaped
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
AC is equal to MC where
AC is minimum
MC is minimum
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Cost per unit of output is
AC
MC
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