Production and you will Will set you back Group a dozen MCQs Inquiries with Solutions

Matter step 1. Into the production form, manufacturing are a purpose of: (a) Price (b) Things regarding Manufacturing (c) Full Costs (d) Not one of these

Question dos. The essential need off doing work what the law states regarding Diminishing Production try: (a) Deficiency of Factors (b) Imperfect Replacement between Facts (c) Both (a) and (b) (d) Nothing of your over

Concern 3. And this of one’s following the demonstrates to you this new brief-manage development form ? (a) Rules of Consult (b) Law out-of Variable Ratio (c) Productivity so you’re able to Level (d) Elasticity of Demand

Concern 4. Long-work on design setting is related to: (a) Laws away from Request (b) Laws off Broadening Productivity (c) Legislation out of Production so you can Scale (d) Suppleness regarding Demand

Matter 5. Where phase away from development a rational manufacturer loves to work for the sample-focus on creation ? (a) Basic Stage (b) 2nd Phase (c) 3rd Phase (d) Not one of these

Concern six. Law from adjustable proportion shows you around three values off design. In the 1st stage regarding creation: (a) Both MP and you can AP increase (b) MP rises (c) AP Drops (d) MP is no

Concern seven. Of which date all facts out-of manufacturing can be altered ? (a) Short-run (b) Longer term (c) Long run (d) Every about three

Question 8. Production function is expressed as: (a) Q_x = P_x (b) Q_x = f(A, B, C, D) (c) Q_x = D_x (d) None of these

Matter nine. Which activities certainly one of adopting the we find simply speaking-work on manufacturing procedure ? (a) Fixed Points (b) Variable Things (c) Both (a) and you will (b) (d) Nothing of them

Question 10. New stage and therefore develops basic and you may once are constant begins to lose is called : (a) Software (b) MPP (c) TPP (d) All of these

Question 11. And that coffee meets bagel of your own pursuing the was a beneficial saurce out of production ? (a) Property (b) Labour (c) Capital (d) A few of these

Concern several. Laws off varying proportion resembles : (a) Both quick-run and you may long run (b) Long-work at (c) Short-work with (d) Longer-work at

MCQ Concerns for Classification 12 Economics Part step 3 Design and Costs that have Solutions

Matter fourteen. If all the items off creation is enhanced of the exact same ratio and for that reason productivity increases by the an elevated ratio than simply it’s titled : (a) Constant efficiency so you’re able to size (b) Coming down yields so you’re able to level (d) Each one of these (d) Not one of them

Matter fifteen. Which of your adopting the is included inside the money cost ? (a) Typical Funds (b) Specific Cost (c) Implicit Costs (d) A few of these

Question 16. Hence of your own pursuing the isn’t fixed rates ? (a) Premium (b) Desire (c) Price of Raw Matter (d) Book of one’s Warehouse

Question 17. To the escalation in production the essential difference between total price and you may total repaired pricing: (a) Remains Constant (b) Increases (c) Decreases (d) Both Develops or Decreases

Concern 18. Alterations in manufacturing wide variety affect: (a) Both Fixed and Variable Rates (b) Just Variable Costs (c) Simply Repaired Cost (d) None of one’s significantly more than

Matter 19. What takes place when development was turn off ? (a) Fixed Cost Grows (b) Variable Will set you back Refuse (c) Varying Will cost you getting no (d) Fixed Can cost you be zero

Matter 20. The contrary title off options prices is: (a) Monetary Prices (b) Equilibrium Speed (c) Limited Cost (d) Average Rates

Concern 21. When mediocre prices is actually decreasing exactly what updates limited costs features since than the average costs ? (a) MC > Air-con (b) MC = Ac (c) MC ? Air conditioning (d) MC ? Air cooling

Question twenty two. Hence declaration of your own pursuing the is true ? (a) AC=TFC – TVC (b) Air-conditioning = AFC + TVC (c) AC=TFC + AVC (d) Ac = AFC + AVC