Creation and you will Will cost you Category a dozen MCQs Issues with Solutions
Concern 1. Inside the manufacturing mode, development is a purpose of: (a) Price (b) Circumstances off Development (c) Full Costs (d) None of those
Concern 2. The essential cause out of performing the law out-of Diminishing Output is: (a) Deficiency of Points (b) Imperfect Substitution between Items (c) Both (a) and you may (b) (d) Nothing of your imeetzu support own significantly more than
Matter step 3. Which of your following the explains the latest brief-work with design function ? (a) Law of Demand (b) Law away from Varying Proportion (c) Yields to Measure (d) Suppleness regarding Consult
Concern cuatro. Long-focus on creation setting is related to: (a) Law away from Request (b) Rules out-of Increasing Returns (c) Guidelines regarding Output to Scale (d) Suppleness off Consult
Question 5. Where phase of manufacturing an intellectual music producer wants to operate in try-work with design ? (a) Earliest Phase (b) 2nd Phase (c) 3rd Stage (d) None of those
Matter six. Rules off changeable proportion shows you about three levels from manufacturing. In the first phase away from manufacturing: (a) Each other MP and you may AP rise (b) MP increases (c) AP Drops (d) MP try zero
Question eight. From which time all of the situations out of manufacturing can be changed ? (a) Short run (b) Long term (c) Very long work at (d) All 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 therefore situations one of following we find simply speaking-work at design process ? (a) Repaired Circumstances (b) Changeable Items (c) Both (a) and you will (b) (d) Not one ones
Matter 10. New cycle which develops first and you can shortly after getting ongoing actually starts to reduce is named : (a) Application (b) MPP (c) TPP (d) A few of these
Question 11. Hence of your own pursuing the try an excellent saurce of creation ? (a) Homes (b) Work (c) Financial support (d) All these
Matter twelve. Legislation off varying proportion is comparable to : (a) Both quick-focus on and you will longer term (b) Long-work at (c) Short-work with (d) Longer-run
MCQ Concerns to possess Class 12 Business economics Part step three Development and you can Will cost you that have Responses
Question fourteen. If the items off development is improved because of the same proportion and for that reason efficiency increases because of the a heightened proportion than simply it is called : (a) Ongoing yields to measure (b) Decreasing productivity so you’re able to scale (d) Each one of these (d) Nothing ones
Concern fifteen. And this of pursuing the is roofed from inside the money rates ? (a) Typical Finances (b) Direct Costs (c) Implicit Cost (d) Each one of these
Concern 16. And that of your after the is not repaired prices ? (a) Advanced (b) Notice (c) Cost of Brutal Question (d) Lease of Factory
Question 17. Toward boost in production the essential difference between total price and you may full fixed pricing: (a) Remains Lingering (b) Develops (c) Decrease (d) Both Expands otherwise Reduces
Matter 18. Alterations in creation numbers affect: (a) Both Repaired and you may Adjustable Prices (b) Just Adjustable Costs (c) Just Fixed Prices (d) Nothing of your significantly more than
Question 19. What takes place whenever development try turn off ? (a) Repaired Rates Grows (b) Varying Costs Refuse (c) Varying Will cost you become zero (d) Repaired Costs getting zero
Concern 20. The opposite term regarding possibility costs are: (a) Economic Rates (b) Harmony Rates (c) Marginal Rates (d) Mediocre Rates
Question 21. When average cost was decreasing what position marginal prices has due to the fact versus average prices ? (a) MC > Air-con (b) MC = Ac (c) MC ? Air-con (d) MC ? Air cooling
Question 22. And therefore report of your following the is valid ? (a) AC=TFC – TVC (b) Air-con = AFC + TVC (c) AC=TFC + AVC (d) Air-conditioning = AFC + AVC