Manufacturing and you will Will cost you Class twelve MCQs Issues with Responses
Question step 1. Inside design form, production is actually a purpose of: (a) Price (b) Situations out of Creation (c) Total Costs (d) Not one ones
Question dos. The basic cause out-of operating what the law states away from Diminishing Output try: (a) Scarcity of Issues (b) Imperfect Replacement between Things (c) Each other (a) and you will (b) (d) None of one’s significantly more than
Matter 3. And this of one’s adopting the teaches you this new quick-manage creation setting ? (a) Rules from Request (b) Law away from Varying Proportion (c) Returns so you can Size (d) Elasticity out of Demand
Concern 4. Long-work with production mode is related to: (a) Legislation out-of Request (b) Law of Growing Returns (c) Regulations of Returns in order to Level (d) Flexibility away from Demand
Concern 5. Where stage of development a mental music producer likes to operate inside shot-run creation ? (a) Basic Stage (b) Next Phase (c) Third Phase (d) Not one ones
Concern 6. Rules of changeable proportion shows you three degree off development. In the 1st stage out-of production: (a) Both MP and AP go up (b) MP rises (c) AP Falls (d) MP are zero
Matter eight. From which big date most of the products away from production may be changed ? (a) Short-run (b) Long term (c) Long focus on (d) The about three
Question 8. Production function is expressed as: (a) Qx = Px (b) Qx = f(A, B, C, D) (c) Qx = Dx (d) None of these
Concern nine. And therefore issues certainly pursuing the we discover in short-work on manufacturing procedure ? (a) Fixed Points (b) Changeable Things (c) Each other (a) and (b) (d) Nothing of them
Matter 10. The fresh stage and this scruff desktop increases basic and you will just after are lingering actually starts to eliminate is called : (a) Software (b) MPP (c) TPP (d) A few of these
Question 11. And therefore of following the was good saurce out-of manufacturing ? (a) Belongings (b) Labour (c) Financing (d) A few of these
Question 12. Laws off variable proportion resembles : (a) Each other quick-work on and you may longer term (b) Long-work at (c) Short-focus on (d) Long-run
MCQ Questions for Classification twelve Economics Part step 3 Design and you may Will cost you having Answers
Concern 14. In the event the all of the situations away from creation try improved by the same proportion and as a result yields increases of the an increased proportion than it’s called : (a) Lingering returns so you’re able to size (b) Decreasing production to help you scale (d) All these (d) None of them
Matter 15. And therefore of the pursuing the is included during the money costs ? (a) Typical Funds (b) Direct Prices (c) Implicit Pricing (d) Most of these
Matter 16. Which of your adopting the isn’t repaired rates ? (a) Premium (b) Desire (c) Cost of Intense Topic (d) Book of your own Facility
Matter 17. Towards the upsurge in manufacturing the essential difference between total cost and you can overall fixed costs: (a) Remains Lingering (b) Increases (c) Minimizes (d) Both Expands otherwise Reduces
Matter 18. Changes in manufacturing numbers affect: (a) Both Repaired and you may Varying Prices (b) Just Varying Costs (c) Just Fixed Costs (d) Not one of your over
Question 19. What the results are whenever creation is closed ? (a) Fixed Costs Develops (b) Variable Can cost you Refuse (c) Varying Will cost you feel zero (d) Repaired Costs end up being zero
Matter 20. The contrary term of opportunity prices is actually: (a) Monetary Rates (b) Equilibrium Rate (c) Limited Pricing (d) Mediocre Rates
Matter 21. When mediocre rates is decreasing exactly what status marginal prices enjoys due to the fact compared to the mediocre prices ? (a) MC > Ac (b) MC = Air-conditioning (c) MC ? Air cooling (d) MC ? Ac
Concern twenty-two. Which statement of following the is valid ? (a) AC=TFC – TVC (b) Air cooling = AFC + TVC (c) AC=TFC + AVC (d) Air cooling = AFC + AVC