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GK Set-1
Economics
Micro Economics
213

Micro Economics MCQ (GK Set-1) with Answers

213) Refer to Figure 13-2. The average total cost of producing three units is

Rs. 6.00

Rs. 3.33

Rs. 9.33

Rs. 12.66

Answer is:

Rs. 9.33

Micro Economics MCQ (GK Set-1) with Answers

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Related Micro Economics MCQ (GK Set-1) with Answers

214) Refer to Figure 13-2. The marginal cost of changing production from three units to four units is

Rs. 5.00

Rs. 6.00

Rs. 7.00

Rs. 8.00

Answer is:

Rs. 8.00

215) Refer to Figure 13-2. The efficient scale of production is

1unit.

2unit.

3unit.

4unit.

Answer is:

4unit.

216) When marginal costs are below average total costs,

average fixed costs are rising.

average total costs are falling.

average total costs are rising

average total costs are minimized

Answer is:

average total costs are falling.

217) If marginal costs equal average total costs,

average total costs are falling

average total costs are rising

average total costs are maximized

average total costs are minimized

Answer is:

average total costs are minimized

Micro Economics MCQ (GK Set-1) with Answers

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