Producer Behaviour and Supply - Online Test
Q1. Diagrammatically AC has a U shape. The statement is
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. The relationship between AC & MC is
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. AFC curve never touches ‘x’ axis though it lies very close to x axis because
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. AVC and AFC always lie below AC because
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. TVC curve starts from origin as
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. When TVC is zero at zero level of output, TFC
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. TFC is not zero at zero level of output as
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. Can MR be negative or zero?
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. The relationships between AR and MR is when price falls is
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. The relationships between TR and MR when price fall is
Answer : Option B
Explaination / Solution:
No Explaination.
