Principles Of Economics And Management (3140709) MCQs

MCQs of Theory of Production and Cost

Showing 31 to 32 out of 32 Questions
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31.
Break-even point is _________.
(a) the intersection point of the total sales revenue line and the total cost line
(b) the intersection point of the total sales revenue line and the variable cost line
(c) the intersection point of the total sales revenue line and the fixed cost line
(d) the intersection point of the total sales revenue line and the X-axis
Answer:

Option (a)

32.
In the short run, when the output of a firm increases, its average fixed cost Will ___________.
(a) Remains constant
(b) Decreases
(c) Increases
(d) First decreases and then rises
Answer:

Option (b)

Showing 31 to 32 out of 32 Questions
1 2 3 4