{"asignatura":"","author":"","authorVideo":"","typeGame":"QuExt","endVideo":0,"idVideo":"","startVideo":0,"instructionsExe":"%3Cp%3EChoose%20the%20right%20answer%3C/p%3E","instructions":"Choose the right answer ","showMinimize":false,"optionsRamdon":false,"answersRamdon":false,"showSolution":true,"timeShowSolution":3,"useLives":true,"numberLives":3,"itinerary":{"showClue":false,"clueGame":"","percentageClue":40,"showCodeAccess":false,"codeAccess":"","messageCodeAccess":""},"questionsGame":[{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"1) A set of all the combinations of the two inputs that yield the same level of output is","options":["Isocost","PPC","Isoquant","Indifference curve"],"solution":2},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"2) Addition to the total product is called","options":["AP (Average Product)","MP (Marginal Product)","TP (Total Product)","None of these"],"solution":1},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"3) AC (average cost) is the sum of AFC (average fixed cost) and","options":["TC","MC","TVC","AVC"],"solution":3},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"4) The shape of AFC curve is","options":["\" U \" shape","Inverted \"U' shape","\" L \" shape","Rectangular Hyperbola"],"solution":3},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"5) All inputs can be varied in the","options":["Short run","Long run","Long run and short run","None of the 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function"],"solution":1},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"9) TP at 5th unit of labour is 10 and TP at 6th unit of labour is 12, then MP is","options":["15","16","2","22"],"solution":2},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"10) α + β = 1, in the Cobb-Douglas production function exhibits","options":["DRS","IRS","CRS","None of these"],"solution":2},{"type":1,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","url":"resources/afc1.png","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"11) Identify the shape of the above AFC curve","options":["' U ' Shape","' L ' Shape","Rectangular Hyperbola","None of these"],"solution":2},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"12) Slope of an isoquant is","options":["DRS","DMRS","DMRTS","DMU"],"solution":2},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"13) ΔTC / ΔQ is","options":["AC","MC","TFC","AFC"],"solution":1},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"14) When MP becomes zero, TP","options":["Decreases","Increases","Reaches maximum","Negative"],"solution":2},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"15) All the following curves are 'U' shaped except","options":["The AFC curve","The AVC curve","The TVC curve","The TFC curve"],"solution":0},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"16) TFC = AFC x","options":["TVC","AVC","AFC","Q"],"solution":0},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"17) When a firm increased the number of labour from 10 to 11, keeping the capital fixed the total product increased from 120 to 130. Which of the following is statement is correct in this regard ?","options":["The total product fell","10 is the marginal product of an increased unit of labour","This is a long run production","The average product is rising"],"solution":1},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"18) α + β > 1 in the Cobb-Douglas production function exhibits","options":["DRS","CRS","IRS","None of the above"],"solution":2},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"19) The TFC Curve is","options":["Parallel to Y axis","Parallel to x axis","Negatively sloped","Inverted ' S ' shape"],"solution":1},{"type":1,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","url":"/previews/_home_user_Desktop__2B2Economics_Chapter_3_3curves.jpg","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"20) In the above diagram, 2nd curve represents","options":["AFC","AVC","SMC","TVC"],"solution":3},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"21) Returns to Scale is a","options":["Short run production function","Long run production function","Both long run and short run","None of the above"],"solution":1},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"22) TC curves starts from","options":["X axis","From origin","From the origin of TFC curve","None of the above"],"solution":2},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"23) The inverted \" S \" shaped curve is represented by","options":["TC","TVC","Both TC and TVC","None of these"],"solution":0},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"(24) When AC (average cost) increases, MC (marginal cost) will be more than","options":["MC","AC","TC","None of these"],"solution":1},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"25) Which of the following equation is correct","options":["TC = SAC","SAC = AFC + AVC","TC = q × AFC","All of these"],"solution":3},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"26) When AP (average product) decreases MP (marginal Product) will be less than","options":["AP","MP","TP","None of these"],"solution":0},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"27) When a producer can not bring about changes in all inputs, that time period is called","options":["Long run","Short run","Both long run and short run","None of these"],"solution":1},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"(28) SAC = AFC +","options":["SMC","TFC","LMC","AVC"],"solution":3},{"type":1,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","url":"/previews/_home_user_Desktop__2B2Economics_Chapter_3_3CURVES.jpg","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"(29) The difference between TC curve and TVC will be","options":["AFC","SMC","AVC","TFC"],"solution":3},{"type":0,"time":0,"numberOptions":4,"x":0,"y":0,"author":"","alt":"","soundVideo":1,"imageVideo":1,"iVideo":0,"fVideo":0,"eText":"","quextion":"30) Best example for variable cost","options":["Rent","Insurance premium","Salary of Managing Director","Wages"],"solution":3}],"isScorm":0,"textButtonScorm":"Save score","repeatActivity":false,"title":"","msgs":{"msgReady":"Ready?","msgStartGame":"Click here to start the game","msgSubmit":"Submit","msgEnterCode":"Enter the access code","msgErrorCode":"The access code is not correct","msgGameOver":"Game Over!","msgClue":"Cool! 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