Supply Analysis - 2

A rightward shift in supply curve shows_______.

• contraction of supply

• decrease in supply

• expansion of supply

• increase in supply

Net addition made to the total revenue by selling an extra unit of a commodity is _____.

• Total revenue

• Marginal revenue

• Average revenue

• Marginal cost

FIND THE ODD WORD:

• Fruits

• Milk

• Curd

• Mobile

Total revenue : _____ :: Average revenue : TR/TQ

• Price/ Quantity

• Price x Quantity

• Price + Quantity

Demand curve :______ :: Supply curve : Upward

• Left

• Right

• Downward

______ : Change in supply :: Other factors constant : Variation of supply

• Price variant

• Price constant

• Other factors inconstant

Net addition made to total cost of production - _____

• Total cost

• Marginal cost

• Average cost

MCn = _____

• TCn + TCn-1

• MCn - MCn-1

• TCn – TCn-1

FIND THE ODD WORD:

• Rare goods

• Perishable goods,

• Agricultural goods

• Economic goods

Cost incurred on fixed factor - ____

• Fixed cost

• Variable cost

• Fluctuating cost

• Marginal cost