Q. In the context of the firm as a whole, quasi-rent is defined as the excess of the total receipts over the total:
- Fixed cost
- Average cost
- Fixed and variable cost
- Variable cost
Answer: Variable cost
Q. In the context of the firm as a whole, quasi-rent is defined as the excess of the total receipts over the total:
Answer: Variable cost
Government Schemes Mock Test | Start Test! |
Political Science Mock Test – 42 | Start Test |
History Test – 190 | Start Test |
Quantitative Aptitude Test | Start Test! | Data Interpretation - Mock Test | Start Test! |
General Awareness - Mock Test | Start Test! |
Reasoning Ability - Mock Test | Start Test! |