Micro Economics MCQ (GK Set-1) with Answers

If, at an output of 100 a day, its AVC would be above Rs.10

If, at an output of 100 a day, its AFC would be above Rs.10

If, at an output of 100 a day, its SAC would be above Rs.10

If, at an output of 100 a day, its SMC would be above Rs.10

The whole of the SMC curve

he whole of the upward sloping part of the SMC curve

The part of the SMC curve above its intersection with the AVC curve

The part of the SMC curve above its intersection with the SAC curve

A change in the demand for the product it makes

A change in the number of other firms in its industry

A change in the price of a fixed input

A change in the price of a variable input

Only its LMC

Only its LMC and its LAC

Only its LMC and its SMC

Its LMC, LAC, SMC and SAC

If the industry has constant costs

If the industry has decreasing costs

If the industry has increasing costs

Never