Question : Which of the following cost curve is never  'U' shaped?

Option 1: Marginal cost curve .

Option 2: Average variable cost curve .

Option 3: Average fixed cost curve .

Option 4: Average cost curve 

Question : ______shows a variety of combinations of these two products that provide the same level of satisfaction:-

Option 1: Indifference curve

Option 2: ISO quant

Option 3: Marginal utility curve

Option 4: ISO cost curve

Question : Extreme forms of the market are

Option 1: perfect competition; oligopoly

Option 2: oligopoly; monopoly

Option 3: perfect competition; monopoly

Option 4: perfect competition; monopolistic competition

Question : The market rate of exchange also reveals information about the _____.

Option 1: Slope of PPC

Option 2: Slope Indiiffrecne Curve

Option 3: The slope of budget line

Option 4: None of the above

Question : In which of the following market forms, a firm does not exercise control over price?

Option 1: Monopoly 

Option 2: Perfect competition 

Option 3: Oligopoly 

Option 4: Monopolistic competition