Economics MCQs For Lectureship CSS PMS And NTS Part VI
71 Under perfect competition a firm is
Price taker
72 In case of monopoly Marginal revenue is always
Less than average revenue
73 In Monopoly, Marginal revenue is always less than price at all levels of
Output
74 As output increases Marginal Cost curve
First falls and then rises
75 The another name of Average Total Cost is
UnitCost
76 The slope of Total Cost gives an idea about
Marginal Cost
77 Does Total Cost starts from origin?
No
78 Which cost starts from origin? Total Variable Cost
Total Variable Cost
79 Which cost rises continuously?
Total Cost
80 Explicit cost is the cost that a firm incurs for
Purchasing or Hiring Factors
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