Producer Behaviour and Supply - Online Test
Q1. Cost of production is
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. Cost function shows
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Money costs mean
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. Explicit costs are paid to
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. Implicit costs are
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. opportunity cost is the
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. The difference you find between fixed and variable costs
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. Revenue for a firm is
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. Average Revenue(AR) is
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. The law of supply explains a
Answer : Option C
Explaination / Solution:
No Explaination.
