MCQ Questions to own Category several Economics Part step 3 Manufacturing and you can Will set you back that have Answers
Design and you may Will cost you Category a dozen MCQs Inquiries having Answers
Matter step one. In creation function, development try a function of: (a) Rate (b) Products from Production (c) Overall Costs (d) Not one of them
Matter 2. The basic need out of performing regulations from Shrinking Production is: (a) Scarcity of Situations (b) Imperfect Replacing ranging from Points (c) Each other (a) and (b) (d) Nothing of significantly more than
Concern step three. And this of adopting the demonstrates to you new small-run development means ? (a) Laws away from Demand (b) Rules out of Adjustable Proportion (c) Returns to help you Level (d) Suppleness of Demand
Matter cuatro. Long-run production mode resembles: (a) Laws out of Request (b) Laws out of Growing Efficiency (c) Legislation out of Productivity to help you Size (d) Suppleness of Request
Matter 5. In which phase from design an intellectual producer wants to perform within the take to-work on manufacturing ? (a) First Stage (b) Next Phase (c) Third Phase (d) Not one of those
Matter 6. Legislation regarding adjustable proportion demonstrates to you three amount from manufacturing. In the first stage out-of development: (a) Each other MP and you will AP increase (b) MP rises (c) AP Falls (d) MP is actually zero
Matter seven. Of which day all of the factors out of design tends to be changed ? (a) Short-run (b) Longer term (c) Long work on (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 nine. And this activities certainly one of adopting the we discover in short-work at creation process ? (a) Fixed Circumstances (b) Adjustable Issues (c) Each other (a) and you may (b) (d) Not one ones
Question ten. The latest duration which increases earliest and you will once becoming ongoing actually starts to cure is called : (a) Software (b) MPP (c) TPP (d) All these
Concern eleven. Which of the adopting the is actually good saurce from creation ? (a) Belongings (b) Labor (c) Money (d) All of these
Question 12. Rules from changeable proportion is comparable to : (a) Both short-work at and you can long term (b) Long-work with (c) Short-focus on (d) Very long-run
MCQ Questions to own Class several Economics Section 3 Design and you will Costs having Responses
Concern 14. If the all of the items from design was enhanced by same proportion and for that reason returns develops by the an increased proportion than simply bookofmatches mobile site it is titled : (a) Lingering returns in order to scale (b) Coming down returns in order to measure (d) Many of these (d) Not one of those
Matter fifteen. Which of following the is roofed during the currency prices ? (a) Typical Cash (b) Specific Cost (c) Implicit Pricing (d) Many of these
Question 16. Hence of your pursuing the isn’t fixed cost ? (a) Premium (b) Desire (c) Cost of Brutal Point (d) Rent of the Facility
Concern 17. On rise in development the essential difference between total price and you may complete repaired prices: (a) Stays Constant (b) Develops (c) Decreases (d) One another Grows or Reduces
Matter 18. Alterations in production number apply to: (a) One another Fixed and you will Variable Rates (b) Simply Varying Rates (c) Just Repaired Costs (d) Nothing of your own over
Question 19. What the results are whenever production is shut down ? (a) Fixed Prices Grows (b) Variable Will set you back Decline (c) Variable Will cost you getting no (d) Fixed Will set you back end up being zero
Matter 20. The exact opposite label of options prices try: (a) Economic Prices (b) Equilibrium Speed (c) Limited Pricing (d) Average Pricing
Concern 21. When mediocre costs is coming down what standing marginal costs keeps since compared to the mediocre cost ? (a) MC > Air cooling (b) MC = Air cooling (c) MC ? Air conditioning (d) MC ? Air-con
Concern twenty two. And that statement of your own adopting the is true ? (a) AC=TFC – TVC (b) Air conditioning = AFC + TVC (c) AC=TFC + AVC (d) Air conditioning = AFC + AVC