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Of the following, which one corresponds to fixed cost?

A. Payments for raw materials

B. Labor cost

C. Transportation charges

D. Insurance premium on property

Correct Answer : D.


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  1. On an indifference map higher indifference curves show:
  2. A profit-maximizing monopolist in two separate markets will:
  3. The falling part of total Utility (TU) curve shows:
  4. The vertical distance between TVC and TC is equal to:
  5. If the slope of the isoquant is equal to the slope of isocost, then isoquant is:
  6. An effective price ceiling usually results in:
  7. When a consumer is in equilibrium then slope of indifference curve is:
  8. The total revenue curve for monopolist is the shape of:
  9. Under Bandwagon effects, people use those goods which are used by their:
  10. Diseconomies of management lead to:
  11. MC is given by:
  12. Price elasticity of demand is best defines as:
  13. Rent is a creation of value, not of wealth who made this observation?
  14. Perfect competition assumes:
  15. A monopolist is able to maximize his profit when:
  16. In microeconomics, we study:
  17. The slope of budget line shows the price ratios of:
  18. When elasticity of demand is less than one (e
  19. Who finalized the model of monopolistic competition?
  20. Income distribution effects:
  21. The number of sellers in oligopoly are:
  22. The cobweb model will divergent when the slope of:
  23. To calculate the Economic Profit we must deduct which of the following cost from our total revenues?
  24. An indifference curve normally slopes downward from:
  25. The kink demand curve faced by an oligopolist is based on the assumption that:
  26. If the supply curve is not a straight line but curvilinear, the elasticity on all points of the supply…
  27. According to translog production function, elasticity of substitution is:
  28. The cost of one thing in terms of the alternative given up is known as:
  29. In economics, Externality means:
  30. If the price of a product falls then quantity demanded tends to increase ceteris paribus because: