Development and you will Can cost you Class twelve MCQs Issues that have Responses
Question step one. Within the production setting, manufacturing is actually a function of: (a) Price (b) Activities out of Production (c) Full Expenditure (d) None of those
Concern dos. The fundamental reasoning regarding operating legislation off Diminishing Yields is: (a) Lack of Affairs (b) Imperfect Substitution anywhere between Activities (c) Each other (a) and you will (b) (d) None of your significantly more than
Question step 3. Which of your adopting the explains the new short-focus on creation function ? (a) Legislation out of Demand (b) Legislation of Varying Ratio (c) Yields to help you Size (d) Suppleness out-of Consult
Concern 4. Long-work at development setting resembles: (a) Law regarding Consult (b) Legislation out-of Broadening Production (c) Rules off Returns to help you Size (d) Elasticity out-of Request
Question 5. In which phase out-of production a rational music producer loves to efforts inside the sample-focus on design ? (a) Earliest Phase (b) 2nd Phase (c) Third Stage (d) None of these
Matter six. Legislation away from adjustable ratio explains three levels out-of production. In the 1st stage away from manufacturing: (a) Each other MP and AP go up (b) MP rises (c) AP Drops (d) MP is no
Question 7. Of which day all the facts away from creation could be altered ? (a) Short-run (b) Long term (c) Very long work at (d) Most of the around 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
Matter 9. And that circumstances certainly one of after the we discover in a http://datingranking.net/charmdate-review/ nutshell-run creation process ? (a) Repaired Facts (b) Varying Products (c) Each other (a) and you will (b) (d) Nothing of these
Question 10. The latest period which develops basic and after being constant actually starts to dump is known as : (a) App (b) MPP (c) TPP (d) Most of these
Matter eleven. Which of your own following the try a good saurce away from manufacturing ? (a) Home (b) Work (c) Capital (d) All these
Matter twelve. Legislation out of adjustable proportion is related to : (a) Each other short-run and you will long run (b) Long-focus on (c) Short-manage (d) Long-work on
MCQ Concerns to possess Category 12 Economics Section 3 Creation and you may Can cost you with Solutions
Question 14. In the event that most of the items from creation try improved by exact same proportion and for that reason efficiency expands because of the a greater ratio than simply it is named : (a) Lingering output so you can size (b) Coming down production to size (d) Most of these (d) None ones
Question 15. Hence of adopting the is roofed during the currency rates ? (a) Typical Finances (b) Specific Cost (c) Implicit Cost (d) Each one of these
Matter sixteen. And therefore of your following is not fixed rates ? (a) Cost (b) Attract (c) Price of Intense Point (d) Lease of Factory
Matter 17. Towards rise in production the difference between total cost and overall repaired rates: (a) Stays Constant (b) Grows (c) Minimizes (d) Both Increases or Minimizes
Matter 18. Changes in manufacturing quantity connect with: (a) Both Repaired and you will Variable Prices (b) Just Varying Cost (c) Simply Fixed Pricing (d) Not one of your more than
Matter 19. What goes on when manufacturing try power down ? (a) Fixed Costs Grows (b) Varying Can cost you Decline (c) Variable Costs end up being zero (d) Repaired Will set you back getting zero
Concern 20. The opposite term away from possibility prices try: (a) Financial Pricing (b) Balance Rate (c) Limited Pricing (d) Mediocre Costs
Question 21. When mediocre cost is actually decreasing just what position limited rates features just like the as compared to mediocre rates ? (a) MC > Air cooling (b) MC = Ac (c) MC ? Ac (d) MC ? Ac
Matter 22. And that statement of one’s after the is true ? (a) AC=TFC – TVC (b) Air-con = AFC + TVC (c) AC=TFC + AVC (d) Ac = AFC + AVC