Manufacturing and you can Costs Category twelve MCQs Questions which have Answers
Question 1. In the production setting, production is actually a purpose of: (a) Price (b) Things off Design (c) Full Expenses (d) None ones
Question dos. Might reason from working the law regarding Diminishing Efficiency are: (a) Deficiency of Activities (b) Imperfect Substitution ranging from Facts (c) One another (a) and you may (b) (d) None of your own more than
Concern step three. And that of the following the teaches you new small-run creation mode ? (a) Laws amino out of Demand (b) Law of Adjustable Ratio (c) Yields to Level (d) Elasticity regarding Request
Matter cuatro. Long-focus on creation form is related to: (a) Law out-of Consult (b) Laws off Growing Returns (c) Guidelines out of Yields so you can Level (d) Flexibility off Request
Matter 5. In which phase of creation a rational manufacturer loves to perform inside test-work with manufacturing ? (a) Basic Stage (b) Next Stage (c) 3rd Stage (d) Not one of them
Question 6. Laws off changeable ratio shows you about three degree regarding development. In the first phase regarding production: (a) One another MP and you may AP increase (b) MP rises (c) AP Falls (d) MP try no
Concern seven. From which date every items regarding design tends to be altered ? (a) Short-run (b) Long term (c) Longer work with (d) The 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 9. And this factors one of following we discover simply speaking-work with creation procedure ? (a) Fixed Issues (b) Changeable Facts (c) Each other (a) and you may (b) (d) Not one of these
Concern 10. The fresh new duration hence develops basic and immediately following becoming ongoing actually starts to get rid of is named : (a) Application (b) MPP (c) TPP (d) All of these
Matter eleven. And that of your following the are a saurce away from development ? (a) Land (b) Labour (c) Financing (d) All these
Question twelve. Law out-of variable proportion is comparable to : (a) Each other short-work with and you can longer term (b) Long-run (c) Short-work with (d) Long-work at
MCQ Questions for Classification twelve Economics Part 3 Development and you may Can cost you having Answers
Question fourteen. In the event that all of the situations away from development are improved by the exact same ratio and as a result returns expands by an increased proportion than simply it’s called : (a) Lingering production to help you measure (b) Decreasing efficiency to help you size (d) All these (d) Nothing ones
Question 15. And that of one’s pursuing the is roofed in currency pricing ? (a) Regular Cash (b) Explicit Costs (c) Implicit Cost (d) Many of these
Question sixteen. Which of the pursuing the isn’t fixed pricing ? (a) Cost (b) Notice (c) Cost of Intense Matter (d) Rent of your Factory
Matter 17. Into rise in creation the difference between total price and you will total repaired costs: (a) Stays Lingering (b) Expands (c) Reduces (d) One another Grows otherwise Decreases
Matter 18. Alterations in production wide variety connect with: (a) One another Repaired and you can Variable Costs (b) Just Variable Cost (c) Just Fixed Cost (d) None of the more than
Concern 19. What happens when design is actually closed ? (a) Repaired Prices Increases (b) Variable Will set you back Refuse (c) Changeable Will set you back getting no (d) Repaired Costs getting zero
Matter 20. The exact opposite title off opportunity pricing is: (a) Monetary Pricing (b) Equilibrium Rates (c) Limited Prices (d) Mediocre Costs
Question 21. When mediocre costs are coming down exactly what reputation marginal cost has actually just like the than the average pricing ? (a) MC > Ac (b) MC = Air-conditioning (c) MC ? Air cooling (d) MC ? Air cooling
Question 22. And that report of one’s after the holds true ? (a) AC=TFC – TVC (b) Air-con = AFC + TVC (c) AC=TFC + AVC (d) Ac = AFC + AVC