MCQ Inquiries to have Class a dozen Economics Section step 3 Development and Will set you back having Answers

Development and you will Will set you back Category twelve MCQs Questions that have Solutions

Matter 1. During the manufacturing means, manufacturing is a purpose of: (a) Price (b) Activities from Development (c) Full Expense (d) Nothing of these

Matter 2. The essential reasoning off functioning what the law states of Shrinking Efficiency is: (a) Scarcity of Affairs (b) Incomplete Replacing anywhere between Items (c) One another (a) and you will (b) (d) Not one of your own above

Question step three. And this of your own adopting the explains new brief-run development form ? (a) Legislation of Request (b) Legislation away from Changeable Ratio (c) Output so you’re able to Level (d) Flexibility out-of Request

Matter cuatro. Long-manage manufacturing setting is comparable to: (a) Laws off Consult (b) Law from Increasing Output (c) Laws regarding Production in order to Level (d) Flexibility of Request

Concern 5. In which stage regarding manufacturing an intellectual manufacturer loves to services from inside the shot-focus on design ? (a) Basic Stage (b) Next Stage (c) Third Stage (d) Not one of them

Concern 6. Laws out of adjustable ratio shows you three degrees out-of creation. In the first phase away from production: (a) Each other MP and you can AP rise (b) MP goes up (c) AP Drops (d) MP is no

Question eight. From which date all of the points off creation tends to be changed ? (a) Short-run (b) Long term (c) Long focus on (d) Every three

Question 8. Production function is expressed as: (a) Q_x = P_x (b) Q_x = f(A, B, C, D) (c) Q_x = D_x (d) None of these

Question nine. And that affairs among adopting the we discover basically-manage production processes ? (a) Fixed Products (b) Changeable Affairs (c) One another (a) and you can (b) (d) Nothing of them

Question ten. New period hence grows first and you can immediately following are ongoing starts to remove is called : (a) Application (b) MPP (c) TPP (d) Most of these

Matter eleven. Which of the after the is a beneficial saurce from manufacturing ? (a) Home (b) Work (c) Investment (d) Most of these

Question a dozen. Rules off changeable proportion resembles : (a) Each other small-work at and you will long run (b) Long-manage (c) Short-work with (d) Long-work with

MCQ Questions getting Classification a dozen Economics Part step 3 Manufacturing and Costs that have Answers

Concern 14. If all affairs off development are enhanced by exact same ratio and thus efficiency grows of the a greater ratio than simply it’s named : (a) Constant yields to help you level (b) Coming down output to help you scale (d) A few of these (d) Nothing of those

Concern 15. And therefore of your own pursuing the is roofed into the currency pricing ? (a) Regular Finances (b) Specific Prices (c) Implicit Costs (d) Most of these

Matter sixteen. And that of your adopting the isn’t fixed cost ? (a) Cost (b) Focus (c) Cost of Raw Situation (d) Rent of your Facility

Matter 17. To the upsurge in manufacturing the essential difference between total cost and you will overall fixed costs: (a) Stays Ongoing (b) Develops (c) Decrease (d) One another Develops otherwise Decrease

Concern 18. Alterations in manufacturing amounts apply at: (a) One another Fixed and you may Adjustable Costs (b) Simply Changeable Prices (c) Just Fixed Rates (d) Not one of one’s over

Concern 19. What will happen when production was shut down ? (a) Fixed Pricing Develops (b) Variable Will set you back Refuse (c) Adjustable Will set you back feel zero (d) Fixed Will set you back be no

Question 20. The exact opposite title off opportunity pricing try: (a) Financial Costs (b) Equilibrium Price (c) Marginal Prices (d) Average Costs

Matter 21. When mediocre prices try coming down just what reputation limited pricing provides as compared to the mediocre cost ? (a) MC > Ac (b) MC = Air-conditioning (c) MC ? Air-con (d) MC ? Air-conditioning

Question twenty-two. Hence report of the adopting the is valid ? (a) AC=TFC – TVC (b) Ac = AFC + TVC (c) AC=TFC + AVC (d) Air cooling = AFC + AVC