# PPSC FPSC Lecturer Economics Online Test 22 Solved MCQs

Given below on this Website Online Free Taleem is free online MCQâ€™s test related to PPSC of Lecturer Economics. All the individuals who are going to appear in PPSC Lecturer of Economics written test can attempt these tests in order to prepare for it in best possible way. Our tests include all the important questions MCQs of Lecturer of PPSC Economics, all Past Papers of Lecturer of Economics PPSCÂ  that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

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There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
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 Test Instructions:- Test Name Lecturer EconomicsÂ Subject Economics Test 22 Test Type MCQs Total Questions 25 Total Time 20 Minutes Total Marks 100
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You have 20 minutes to pass to the quiz.

PPSC LECTURER OF ECONOMICS ONLINE PRACTICE TEST NO. 22

1 / 25

Average Variable cost is equal to:

2 / 25

In perfect competition, The first condition of firm equilibrium is:

3 / 25

In Perfect Competition firms are Price:

4 / 25

Average Variable Cost curve and Average Total Cost curve are ....................shaped:

5 / 25

If Marginal cost is greater than marginal revenue it implies that profit is:

6 / 25

In perfect competition the best approach to measure profit maximization is ......................... approach:

7 / 25

If marginal cost is greater than marginal revenue it implies that profit is being:

8 / 25

For which of the following market structures is it assumed that there are barriers to entry?

9 / 25

Average Total Cost is equal to:

10 / 25

The minimum point of Average total cost curve occurs ......................the minimum point of Average Variable Cost Curve:

11 / 25

In perfect competition, government intervention is:

12 / 25

In perfect competition firms are price taker because of:

13 / 25

Mathematically, Marginal Cost is equal to change in.................... divided by change in output:

14 / 25

In Traditional Cost Theory, Total Cost is equal to:

15 / 25

Graphically, Marginal Cost curve is slope of............................. curve:

16 / 25

Long Run Cost is also known as ....................... cost:

17 / 25

In perfect competition, there is ................... mobility of factors of production:

18 / 25

In perfect competition the goal of firm is:

19 / 25

In perfect competition, Firm maximizes it profit when total cost is................................. total revenue:

20 / 25

If Marginal cost is equal to marginal revenue it implies that profit is:

21 / 25

In perfect Competition there is large number of:

22 / 25

Perfect competition is defined as the ..................... of rivalry:

23 / 25

In perfect competition, there is ........................ entry and exit of firms:

24 / 25

Otal Variable Cost Curve and Total Cost curve is ........................... shaped:

25 / 25

Graphically, Marginal Cost curve cuts average total cost curve and Average variable cost curve from its .............................. point: