Lecturer Commerce MCQs

PPSC FPSC KPPSC BPSC SPSC NTS Commerce Online Test No. 73

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Note:-

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 Commerce
Subject	Commerce Test 73
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 73

1 / 25

Which is NOT a cause of shift in com curves of a firm.

Excise tax

Prices of inputs

Increase in productivity

2 / 25

The distance between TFC and TC is.

AFC

TFC

TVC

3 / 25

All the following are U-shaped EXCEPT.

AVC

AFC

4 / 25

In monopoly at various output levels. In monopoly at various output levels.

AR = MR

AR < MR

AR > MR

AR and MR curves are parallel.

5 / 25

Pollution which is side effect of producing or consuming something and which is not taken into account by producers and sellers is called.

Externality

Wastage

Extra cost

Opportunity cost

6 / 25

Which statement is true.

ATC+ AVC = AFC

ATC+ MC =AFC

ATC+ AFC=AVC

AFC + AVC=ATC

7 / 25

All inputs can be varied in.

Short run

Both periods

None of the period

8 / 25

Excise tax is a part of.

Fixed cost

Variable cost

Implicit cost

Is not part of cost

9 / 25

TC:

Is parallel to y-axis

Parallel to y-axis

Starts from origin

Not from origin

10 / 25

The necessary condition for equilibrium position of a firm is.

MC > MR

MC = MR

MC> Price

MC = AC

11 / 25

The sacrifice of an alternative use of resources to produce something is called its.

Real cost

Opportunity cost

Sacrifice cost

Alternative cost

12 / 25

Long run is a period.

Three years or longer.

Long enough to allow firms to change plant size and capacity

In which a firm need not get loans.

Which affects larger more than smaller firms

13 / 25

The shape of rectangular hyperbola is made by.

AFC

AVC

14 / 25

As output increases, AC curve.

Falls

a,b,c are all correct

15 / 25

Unit cost is another name for.

AFC

AVC

ATC

16 / 25

MC is given by slope of:

TFC

ATC

AVC

17 / 25

Profit is maximum when.

Slope of MC and MR is the same

Slope of AC and AR is the same.

Slope of AFC and AVC is the same.

18 / 25

At the point of equilibrium of firm under perfect competition.

MC curve must be rising

MC curve must be falling

MR curve must be rising .

MR curve must be falling.

19 / 25

Short run means is a period.

Less than one year

In which at least one input is fixed

In which no input can be changed.

In which firms can easily enter or exit.

20 / 25

TVC:

Starts from origin

Not from origin

Is parallel to y-axis

Parallel to y-axis

21 / 25

As output increases.

MC curve firstly falls then rises

MC firstly rises then falls.

Continuously falls

22 / 25

The cost which a firm incurs for purchasing or hiring factors is called.

Implicit

Explicit

Real

Basic

23 / 25

TC:

Rises continuously

Falls then rises

Is horizontal to x-axis

Is parallel to y-axis

24 / 25

The long run average cost curve is tangent to various.

Short run TCs

Short run Acs

AVCs

AFCs

25 / 25

Profit is maximum when:

Distance between TR and TC is maximum

Distance between AR and AC is maximum.

Distance between MR and MC is maximum distance between MR and AR is maximum.

None of the above

Your score is

The average score is 0%

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