Free tnpsc model questions Online Test - MeritNotes

No. of Questions :10

Remaining Time :

1. A firm pays ___ for labour.

2. ____ is a functional relationship between cost and output.

3. The change in total cost is called

4. Average fixed cost is obtained by dividing

5. ____ are those costs, which are directly paid out or accounted by the producer.

6. The ‘U’ shape of the marginal cost curve is determined by the

7. ______ is obtained dividing the total fixed cost by the number of units produced.

8. ____ is the addition made to the total revenue by selling one more unit of a commodity.

9. ____ are those costs which are independent of output.

10. Price X quantity =

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