
Revenue
Authored by Padma Rajasekhar
Other
11th Grade
Used 4+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A balloon seller has decided that he will sell all his balloons at a fixed of Rs.10 each. In such a case, TR curve will be:
Horizontal straight line parallel to the X-axis
Vertical straight line parallel to the Y-axis
Positively sloped straight line passing from the origin
Downward sloping straight line
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
At any given level of a firm's output, marginal revenue is the revenue earned by selling.
Entire output
Additional unit of output
Both (i) and (ii)
Neither (i) nor (ii)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When price remains same with rise in output, AR curve:
Is vertical straight line parallel to Y-axis
Is horizontal straight line parallel to X-axis
Is downward sloping
Coincide with MR curve
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If average revenue curve is a horizontal straight line, then marginal revenue curve will be:
Downward sloping
Horizontal straight line
Upward Sloping
Inversely S-shaped
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The Total Revenue earned by selling 20 units is Rs.700. Marginal Revenue earned by selling the 21st unit is Rs.70. The value of Total Revenue earned by selling total 21 units will be _____________.
Rs.721
Rs.630
Rs.770
Rs.720
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
When price falls with rise in output, then as quantity sold increases:
MR falls quickly than AR
MR falls slowly than AR
Both AR and MR fall at the same rate
Both MR and AR slope downwards
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If TR=Total Revenue and Q=Quantity sold, the TR/Q refers to:
Zero Revenue
Average Revenue
Marginal Revenue
None of these
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