MCQ Concerns to possess Classification 12 Economics Section 3 Creation and you may Costs with Answers Dicembre 11, 2022 – Posted in: Adult Hub review

MCQ Concerns to possess Classification 12 Economics Section 3 Creation and you may Costs with Answers

Design and you can Will cost you Classification twelve MCQs Concerns having Responses

Matter 1. Inside the design function, production is actually a function of: (a) Rates (b) Affairs from Manufacturing (c) Overall Expenses (d) Not one of them

Question 2. Might need regarding working regulations regarding Shrinking Production is: (a) Scarcity of Circumstances (b) Imperfect Replacing anywhere between Points (c) One another (a) and you will (b) (d) None of one’s a lot more than

Question step three. And that of one’s pursuing the demonstrates to you the fresh new quick-run design function ? (a) Law from Consult (b) Legislation away from Varying Proportion (c) Efficiency to help you Level (d) Suppleness away from Demand

Concern 4. Long-run creation form resembles: (a) Rules of Consult (b) Laws regarding Increasing Output (c) Regulations away from Returns to Level (d) Suppleness off Demand

Matter 5. In which phase regarding manufacturing a mental music producer likes to services for the test-work at development ? (a) Earliest Phase (b) Next Phase (c) Third Phase (d) Not one ones

Question 6. Laws out of variable ratio shows you around three levels out of creation. In the 1st phase regarding creation: (a) One another MP and you will AP increase (b) MP goes up (c) AP Falls (d) MP try no

Question 7. At which time every issues out of manufacturing are altered ? (a) Short-run (b) Long term (c) Longer work on (d) All of 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 nine. And therefore situations among following we find simply speaking-work with development process ? (a) Repaired Issues (b) Variable Factors (c) Both (a) and you can (b) (d) Not one of them

Concern ten. The newest duration and that develops first and you will just after getting lingering starts to beat is known as : (a) Application (b) MPP (c) TPP (d) A few of these

Question eleven. Hence of the adopting the is actually an excellent saurce from creation ? (a) Residential property (b) Labor (c) Financial support (d) All these

Question a dozen. Rules off variable proportion resembles : (a) One another brief-work with and you will long run (b) Long-work at (c) Short-manage (d) Longer-work at

MCQ Issues for Category 12 Economics Section step three Creation and you may Will cost you that have Responses

Question 14. If the most of the items regarding creation are increased from the exact same proportion and thus efficiency increases by an elevated proportion than simply it’s entitled : (a) Constant output in order to size (b) Coming down efficiency so you’re able to measure (d) All these (d) None of those

Concern 15. And therefore of following is roofed inside the currency rates ? (a) Normal Finances (b) Explicit Cost (c) Implicit Cost (d) Most of these

Question sixteen. And that of the following is not fixed prices ? (a) Premium (b) Notice (c) Cost of Brutal Point (d) Lease of one’s Warehouse

Matter 17. To your increase in creation the essential difference between total price and you may total repaired rates: (a) Stays Constant (b) Develops (c) Reduces (d) Each other Grows or Decrease

Question 18. Changes in design number connect with: (a) Each other Fixed and Changeable Prices (b) Just Changeable Cost (c) Only Repaired Pricing (d) Not one of a lot more than

Question 19. What the results are whenever creation was closed ? (a) Fixed Costs Grows (b) Adjustable Will cost you Decline (c) Variable Will set you back feel zero (d) Repaired Will set you back feel zero

Matter 20. The alternative name from possibility pricing are: (a) Financial Costs (b) Harmony Rates (c) Marginal Costs (d) Average Pricing

Concern 21. Whenever mediocre cost try decreasing just what condition marginal cost have once the versus average costs ? (a) MC > Ac (b) MC = Air-conditioning (c) MC ? Air-conditioning (d) MC ? Air conditioning

Concern 22. And this declaration of the adopting the is valid ? (a) AC=TFC – TVC (b) Air-con = AFC + TVC (c) AC=TFC + AVC (d) Air conditioning = AFC + AVC