MCQ Questions for Group 12 Economics Part step 3 Design and Will set you back with Solutions
Creation and you will Will cost you Group a dozen MCQs Inquiries that have Solutions
Matter step 1. When you look at the creation form, creation are a purpose of: (a) Rates (b) Situations regarding Manufacturing (c) Complete Costs (d) Not one of those
Matter 2. The fundamental reasoning off performing legislation from Shrinking Production are: (a) Scarcity of Issues (b) Imperfect Replacement between Issues (c) One another (a) and you may (b) (d) Not one of one’s above
Matter step 3. And that of one’s adopting the teaches you the newest small-work on production setting ? (a) Law from Demand (b) Laws of Changeable Ratio (c) Productivity so you’re able to Level (d) Elasticity of Request
Matter 4. Long-work with production form is comparable to: (a) Laws out-of Demand (b) Law out-of Broadening Production (c) Laws and regulations out-of Yields so you’re able to Size (d) Flexibility out of Request
Matter 5. In which stage away from development an intellectual manufacturer wants to perform from inside the shot-work with creation ? (a) Earliest Phase (b) Next Stage (c) 3rd Stage (d) Nothing ones
Concern six. Rules out of adjustable ratio shows you around three level away from development. In the first stage regarding creation: (a) Both MP and AP increase (b) MP goes up (c) AP Drops (d) MP is no
Concern 7. At which day all facts out-of creation is generally altered ? (a) Short-run (b) Long term (c) Very long work with (d) All 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. Which factors among following we discover in short-focus on development procedure ? (a) Fixed Circumstances (b) Variable Things (c) Each other (a) and you will (b) (d) None ones
Question 10. The fresh new cycle and therefore develops earliest and after are constant begins to cure is named : (a) Application (b) MPP (c) TPP (d) All of these
Concern 11. And therefore of your own adopting the try a good saurce out-of development ? (a) Belongings (b) Labour (c) Investment (d) Many of these
Concern 12. Legislation from adjustable proportion resembles : (a) One another quick-work with and long term (b) Long-run (c) Short-manage (d) Long-focus on
MCQ Concerns wyszukiwanie profilu squirt getting Category a dozen Economics Section step 3 Development and you may Costs with Solutions
Concern fourteen. When the the factors of production try increased because of the same proportion and as a result production grows because of the a greater proportion than just it is entitled : (a) Ongoing output to level (b) Coming down efficiency so you can scale (d) All these (d) Nothing of them
Question fifteen. Hence of following the is included during the currency costs ? (a) Typical Finances (b) Explicit Costs (c) Implicit Costs (d) All of these
Concern 16. Hence of adopting the is not repaired prices ? (a) Premium (b) Desire (c) Cost of Raw Issue (d) Rent of the Facility
Question 17. Toward rise in production the difference between total price and you can total repaired cost: (a) Remains Lingering (b) Expands (c) Minimizes (d) Each other Expands otherwise Decrease
Matter 18. Alterations in design amounts connect with: (a) Both Repaired and you may Adjustable Cost (b) Only Variable Prices (c) Only Fixed Cost (d) Not one of the more than
Matter 19. What takes place whenever creation try turn off ? (a) Repaired Cost Expands (b) Variable Can cost you Refuse (c) Variable Will set you back become no (d) Fixed Will cost you become no
Concern 20. The opposite identity out-of possibility costs is actually: (a) Economic Pricing (b) Equilibrium Rates (c) Limited Pricing (d) Average Rates
Question 21. When average rates is coming down what condition marginal costs features given that compared to average cost ? (a) MC > Air conditioning (b) MC = Ac (c) MC ? Ac (d) MC ? Ac
Concern 22. Which report of the after the holds true ? (a) AC=TFC – TVC (b) Air conditioning = AFC + TVC (c) AC=TFC + AVC (d) Air cooling = AFC + AVC