PPSC Lecturer Economics Test 14 Online Preparation MCQs

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There will be 25 multiple choice question in the test.
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 Test Instructions:- Test Name Lecturer EconomicsÂ Subject Economics Test 14 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 Test 14

1 / 25

In perfect competition The second condition of firm equilibrium is:

2 / 25

In perfect competition, government intervention is:

3 / 25

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

4 / 25

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

5 / 25

In Traditional Cost Theory, Total Cost is equal to:

6 / 25

In perfect competition the goal of firm is:

7 / 25

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

8 / 25

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

9 / 25

In perfect competition firms are price taker because of:

10 / 25

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

11 / 25

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

12 / 25

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

13 / 25

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

14 / 25

Modern cost theory introduces the concept of ..................... capacity:

15 / 25

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

16 / 25

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

17 / 25

In Perfect Competition firms are Price:

18 / 25

Average Total Cost is equal to............

19 / 25

In perfect Competition there is large number of:

20 / 25

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

21 / 25

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

22 / 25

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

23 / 25

Average Variable cost is equal to:

24 / 25

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

25 / 25

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