Producer Behaviour and Supply - Online Test
Q1. Market supply is best defined as
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. The supply curve of a firm shows
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. The elasticity of supply measures
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. A supply schedule is best defined as
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. Marginal Revenue is
Answer : Option A
Explaination / Solution:
No Explaination.
Q6. The fixed cost curve is a horizontal straight line to the X axis because
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. Variable costs vary with output because
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. Average cost is derived by
Answer : Option B
Explaination / Solution:
No Explaination.
Q9. AVC, AFC & ATC are related in a way that
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. Explain the relationship TC, TFC & TVC.
Answer : Option C
Explaination / Solution:
No Explaination.
