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MCQ Concerns for Group several Economics Section step 3 Production and you can Costs which have Responses

MCQ Concerns for Group several Economics Section step 3 Production and you can Costs which have Responses

Development and you will Costs Category a dozen MCQs Issues that have Responses

Matter 1. From inside the production setting, design is a purpose of: (a) Rates (b) Factors off Design (c) Complete Expenditure (d) None of these

Matter dos. The essential need regarding performing legislation regarding Shrinking Returns is actually: (a) Deficiency of Issues (b) Imperfect Substitution ranging from Affairs (c) One another (a) and you may (b) (d) Nothing of one’s a lot more than

Concern step 3. And that of the following the demonstrates to you the brand new short-work with design function ? (a) Legislation of Request (b) Law off Adjustable Proportion (c) Productivity so you can Measure (d) Suppleness out of Request

Concern 4. Long-manage manufacturing setting resembles: (a) Laws off Consult (b) Legislation off Growing Output (c) Legislation regarding Productivity in order to Level (d) Flexibility out of Consult

Matter 5. Where phase off creation a rational music producer loves to operate in the shot-manage creation ? (a) Basic Phase (b) Next Phase (c) Third Stage (d) Nothing of those

Question 6. Legislation of changeable proportion shows you three stages of design. In the first phase off production: (a) One another MP and you can AP rise (b) MP goes up (c) AP Drops (d) MP is zero

Question eight. Of which day all of the points away from design may be changed ? (a) Short-run (b) Long term (c) Very long manage (d) Every about 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 therefore facts certainly following we find basically-manage design processes ? (a) Repaired Issues (b) Variable Activities (c) One another (a) and you may (b) (d) Nothing of those

Concern 10. The new stage and therefore increases first and you can immediately following becoming ongoing starts to treat is known as : (a) Software (b) MPP (c) TPP (d) All these

Matter eleven. And therefore of pursuing the try good saurce away from creation ? (a) House (b) Labour (c) Financing (d) Many of these

Concern a dozen. Legislation out of variable ratio is comparable to : (a) Both small-manage and long term (b) Long-focus on (c) Short-focus on (d) Very long-work with

MCQ Questions for Group a dozen Economics Part step 3 Manufacturing and you may Will cost you that have Answers

Matter 14. In the event the all affairs regarding production is actually improved by the exact same ratio and for that reason returns grows because of the an elevated ratio than just it’s called : (a) Constant yields to scale (b) Coming down returns to help you scale (d) Many of these (d) Nothing of those

Concern 15. And that of your own pursuing the is included when you look at the money pricing ? (a) Normal Funds (b) Explicit Rates (c) Implicit Rates (d) All these

Concern sixteen. And therefore of one’s after the is not fixed pricing ? (a) Cost (b) Desire (c) Price of Brutal Point (d) Book of your Warehouse

Matter 17. Towards escalation in development the essential difference between total price and you will full repaired costs: (a) Stays Lingering (b) Grows (c) Decreases (d) One another Increases otherwise Decreases

Question 18. Alterations in production number apply to: (a) Both Fixed and you can Changeable Costs (b) Only Variable Prices (c) Only Fixed Prices (d) Nothing of your own significantly more than

Matter 19. What takes place whenever design is power down ? (a) Repaired Cost Expands (b) Varying Can cost you Decline (c) Variable Costs end up being zero (d) Repaired Costs getting no

Matter 20. The opposite label away from opportunity pricing is actually: (a) Financial Rates (b) Harmony Rate (c) Limited Pricing (d) Average Rates

Concern 21. When mediocre pure desktop cost is coming down exactly what standing marginal pricing enjoys due to the fact compared to average prices ? (a) MC > Air cooling (b) MC = Ac (c) MC ? Air-conditioning (d) MC ? Ac

Question 22. Which declaration of your following the is valid ? (a) AC=TFC – TVC (b) Air conditioning = AFC + TVC (c) AC=TFC + AVC (d) Air-conditioning = AFC + AVC

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