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Money spent by a firm on the purchase of capital equipment is:

A. Fixed cost

B. Variable cost

C. Both fixed and variable costs

D. None of the above

Correct Answer : A.


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  1. Duopoly is a market where there are:
  2. The advantage of using indifference curves rather than marginal utilities is:
  3. External economies are witnessed in:
  4. Each short run average cost curve:
  5. To attain maximum profits during short-run a firm should produce the output that will:
  6. In the immediate run:
  7. Karl Marx:
  8. The vertical distance between TVC and TC is equal to:
  9. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  10. Marshallian approach is also known as:
  11. Average cost curve contains in it:
  12. Utility means:
  13. AR curve under perfect competition:
  14. The Hicksian demand curve includes:
  15. In monopolistic competition, the real differentiation in products is due to difference in:
  16. Increase in demand occurs when:
  17. In non-constant sum game (non-zero sum game), if there are two parties then:
  18. A firm considering what type of new plant to build is involved in a:
  19. In terms of price, the indirect utility function may be:
  20. Law of Substitution in production was presented by:
  21. The market demand shedule is determined by:
  22. The total utility is gained by consuming:
  23. The main contribution of David Ricardo is in the field of:
  24. The average product is given as:
  25. Under pure monopoly, there will be:
  26. In monopolistic competition, the cost curves of all firms are:
  27. Loanable funds theory of Interest was developed by:
  28. In case of economic bads, an IC can be :
  29. Price leadership is associated with:
  30. Price elasticity of demand is best defines as: