Cost & Revenue
Authored by Dinesh Raj Subedi
Social Studies, Arts
12th Grade - University
Used 39+ times
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8 questions
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1.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Cost is the expenditure made by .............
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total Cost is obtained by adding .........
All AVC
All Fixed Costs
All Variable Costs
TFC and TVC
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Normally, Marginal Cost is calculated as ..........
d(TVC)/dQ
d(TFC)/dQ
d(TC)/dQ
TC1 + TC2
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
AC is U-shaped because of .......
AC = AVC + AFC
Economies of Scale
Diseconomies of Scale
All of these reasons
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
MC cuts AC and AVC to their...............
Maximum
Begining
Minimum
Ending
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Average revenue is also known by ....
Price
TR - TC
MR
TR ÷ MR
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a Perfect Competition market there is .....
P = AR
P = MR
P = AR - MR
P = AR = MR
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