Cost & Revenue

Cost & Revenue

12th Grade - University

8 Qs

quiz-placeholder

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Cost & Revenue

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Assessment

Quiz

Social Studies, Arts

12th Grade - University

Hard

Created by

Dinesh Raj Subedi

Used 37+ times

FREE Resource

8 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Cost is the expenditure made by .............

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total Cost is obtained by adding .........

All AVC

All Fixed Costs

All Variable Costs

TFC and TVC

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Normally, Marginal Cost is calculated as ..........

d(TVC)/dQ

d(TFC)/dQ

d(TC)/dQ

TC1 + TC2

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

AC is U-shaped because of .......

AC = AVC + AFC

Economies of Scale

Diseconomies of Scale

All of these reasons

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

MC cuts AC and AVC to their...............

Maximum

Begining

Minimum

Ending

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Average revenue is also known by ....

Price

TR - TC

MR

TR ÷ MR

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a Perfect Competition market there is .....

P = AR

P = MR

P = AR - MR

P = AR = MR

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the imperfect competition market, when demand curve or AR is a straight line then MR passes through ...........

Mid-way from AR and Y-axis

Parallel to AR

Nearer by Y-axis

Nearer by AR