Development and you may Costs Group several MCQs Concerns which have Answers
Concern step 1. In development form, creation are a function of: (a) Rate (b) Situations of Creation (c) Total Costs (d) Nothing of those
Question 2. The fundamental reason out of operating legislation out-of Diminishing Efficiency was: (a) Deficiency of Issues (b) Imperfect Replacement anywhere between Facts (c) Each other (a) and you may (b) (d) Not one of over
Concern step three. Which of the after the explains the fresh short-work on creation means ? (a) Rules regarding Request (b) Law out of Variable Proportion (c) Productivity in order to Scale (d) Flexibility out of Demand
Question cuatro. Long-focus on creation setting is related to: (a) Laws out-of Request (b) Laws from Growing Returns (c) Rules from Returns to help you Size (d) Elasticity out-of Request
Concern 5. Where phase out of production an intellectual music producer loves to work within the take to-focus on development ? (a) Very first Phase (b) 2nd Phase (c) 3rd Phase (d) None of them
Matter six omegle. Law off variable proportion demonstrates to you about three degree of production. In the first phase regarding creation: (a) One another MP and you can AP go up (b) MP goes up (c) AP Drops (d) MP is zero
Matter seven. At which date all of the issues away from design could be altered ? (a) Short-run (b) Longer term (c) Longer work at (d) Every 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
Question 9. And that products certainly pursuing the we discover in short-work at production processes ? (a) Repaired Things (b) Changeable Products (c) Both (a) and (b) (d) Not one of them
Matter ten. The new stage and therefore expands basic and you will shortly after becoming ongoing actually starts to beat is known as : (a) Software (b) MPP (c) TPP (d) Each one of these
Question eleven. And therefore of your following the are a good saurce regarding development ? (a) Belongings (b) Labour (c) Financing (d) Each one of these
Question a dozen. Legislation out-of variable ratio is comparable to : (a) Each other short-focus on and long term (b) Long-work at (c) Short-run (d) Longer-manage
MCQ Issues to have Classification 12 Business economics Section step three Creation and you may Will set you back that have Answers
Question fourteen. When the all situations of production is actually improved of the exact same ratio and for that reason production grows by a greater ratio than it is called : (a) Constant productivity so you can measure (b) Decreasing efficiency in order to measure (d) All of these (d) None of them
Matter fifteen. And that of your own adopting the is included inside the money costs ? (a) Regular Earnings (b) Specific Costs (c) Implicit Costs (d) Each one of these
Question 16. Hence of one’s pursuing the isn’t repaired pricing ? (a) Insurance premium (b) Focus (c) Cost of Brutal Point (d) Rent of Factory
Matter 17. Toward boost in production the essential difference between total price and you will complete fixed pricing: (a) Stays Constant (b) Expands (c) Decrease (d) One another Increases or Reduces
Question 18. Changes in production amounts connect with: (a) Both Fixed and Varying Costs (b) Simply Variable Cost (c) Merely Repaired Cost (d) Not one of above
Matter 19. What happens whenever creation is turn off ? (a) Fixed Prices Develops (b) Variable Can cost you Decline (c) Adjustable Will set you back getting no (d) Repaired Can cost you end up being no
Concern 20. The exact opposite title out-of opportunity costs try: (a) Economic Rates (b) Equilibrium Rates (c) Marginal Rates (d) Average Cost
Question 21. Whenever mediocre cost is decreasing just what position limited costs features as than the average cost ? (a) MC > Air-conditioning (b) MC = Air conditioning (c) MC ? Air-con (d) MC ? Air-con
Question 22. And that declaration of pursuing the holds true ? (a) AC=TFC – TVC (b) Ac = AFC + TVC (c) AC=TFC + AVC (d) Air cooling = AFC + AVC