(9)is not a type of good.
(a) Fictitious
(b) intangible
(c) Public
(d) Producer
(10)factors are essential to define demand.
(a) 5
(b) 6
(c) 7
(d) 3
(11) Supply must be altered in accordance to change in
(a) Demand
(b) real cost
(c) marginal cost
(d) All
(12) Factors affecting supply are grouped into categories.
(a) 3
(b) 2
(c) 4
(d) 5
(13)cost is also known as overhead cost.
(a) Fixed
(b) variable
(c) Tost
(d) All
(14)The shape of Marginal cost is like
(a) Cricket bat
(b) Hockey stick
(c) Skate
(d) football
(15) Average cost curve is shaped
(a) V
(b) W
(c) U
(d) Y
(16) Average Revenue by the angle of producer is also by consumer angle.
(a) Cost
(b) price
(c) supply
(d) demand
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