PU COM 2026 Costs and Revenue Free Quiz 1

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PU COM 2026 Costs and Revenue Free Quiz 1

PU COM Quiz

10:00

Answered: 0 / 10

Remaining: 10

Navigator 10 Q

General

General 10 MCQs

1. What is fixed cost?

A. Does not change with output B. Changes with output C. Increases with output D. Decreases with output

2. What is variable cost?

A. Does not change with output B. Is always zero C. Changes with output D. Is constant

3. What is total cost?

A. Fixed cost only B. Variable cost only C. Marginal cost D. Fixed cost + Variable cost

4. How is average cost calculated?

A. Total cost × Output B. Total cost ÷ Output C. Total cost + Output D. Total cost - Output

5. What is marginal cost?

A. Additional cost of one more unit B. Total cost C. Average cost D. Fixed cost

6. What is total revenue?

A. Price per unit B. Cost of production C. Total income from sales D. Profit

7. How is average revenue calculated?

A. Total revenue × Output B. Total revenue + Output C. Total revenue - Output D. Total revenue ÷ Output

8. What is marginal revenue?

A. Total revenue B. Additional revenue from one more unit C. Average revenue D. Cost

9. Why is the average cost curve U-shaped?

A. Law of variable proportions and economies of scale B. Law of demand C. Law of supply D. Market equilibrium

10. How is profit calculated?

A. Total revenue ÷ Total cost B. Total revenue × Total cost C. Total revenue - Total cost D. Total revenue + Total cost

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