Design and Can cost you Category several MCQs Inquiries that have Solutions
Concern step 1. Within the development mode, design try a function of: (a) Rates (b) Things away from Creation (c) Complete Expenditure (d) None ones
Concern 2. The basic need of functioning legislation from Shrinking Yields try: (a) Deficiency of Situations (b) Incomplete Replacement anywhere between Points (c) One another (a) and you will (b) (d) Not one of more than
Concern step 3. Which of your following the shows you the fresh short-manage development means ? (a) Rules off Request (b) Rules of Changeable Proportion (c) Efficiency so you can Size (d) Flexibility regarding Request
Concern cuatro. Long-run design form resembles: (a) Law from Consult (b) Legislation from Expanding Efficiency (c) Legislation regarding Production so you’re able to Level (d) Suppleness off Demand
Question 5. Where phase off manufacturing an intellectual music producer loves to jobs during the take to-work with creation ? (a) Very first Stage (b) 2nd Phase (c) 3rd Stage (d) Nothing ones
Matter 6. Laws of changeable ratio explains around three degrees off development. In the first stage off manufacturing: (a) Both MP and you may AP increase (b) MP rises (c) AP Drops (d) MP are zero
Matter seven. Of which date every issues out of development is changed ? (a) Short run (b) Long term (c) Long work at (d) All the 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
Concern nine. And that activities among pursuing the we find in a nutshell-focus on development techniques ? (a) Fixed Products (b) Varying Points asiame sign up (c) Each other (a) and (b) (d) None of these
Matter ten. The newest period and therefore increases earliest and you can shortly after being constant begins to reduce is known as : (a) Application (b) MPP (c) TPP (d) Many of these
Concern eleven. And therefore of your following the is a good saurce regarding creation ? (a) House (b) Labor (c) Funding (d) All of these
Matter twelve. Laws out of adjustable ratio is comparable to : (a) One another small-focus on and you will longer term (b) Long-run (c) Short-focus on (d) Long-focus on
MCQ Concerns to have Category a dozen Economics Part 3 Design and Can cost you with Solutions
Concern fourteen. In the event the all of the factors out-of manufacturing is actually improved because of the exact same ratio and for that reason returns develops of the a heightened ratio than simply it is named : (a) Ongoing returns to help you measure (b) Coming down returns so you’re able to level (d) All these (d) None of these
Matter 15. Hence of your following the is included into the money cost ? (a) Typical Cash (b) Direct Prices (c) Implicit Pricing (d) All these
Concern 16. And that of your adopting the is not fixed prices ? (a) Premium (b) Interest (c) Price of Intense Issue (d) Rent of your Facility
Concern 17. To the boost in design the difference between total cost and you will complete repaired costs: (a) Remains Lingering (b) Expands (c) Reduces (d) Both Develops or Decreases
Concern 18. Changes in development numbers affect: (a) One another Repaired and you can Adjustable Pricing (b) Merely Changeable Costs (c) Only Fixed Costs (d) Nothing of above
Concern 19. What are the results when creation is power down ? (a) Fixed Cost Increases (b) Changeable Will set you back Refuse (c) Changeable Costs feel zero (d) Fixed Will set you back be zero
Matter 20. The alternative name from possibility cost are: (a) Monetary Rates (b) Equilibrium Rates (c) Limited Pricing (d) Average Pricing
Matter 21. When mediocre rates try decreasing what condition limited pricing possess just like the versus mediocre costs ? (a) MC > Air-conditioning (b) MC = Air cooling (c) MC ? Ac (d) MC ? Ac
Matter twenty two. Which statement of the pursuing the holds true ? (a) AC=TFC – TVC (b) Air cooling = AFC + TVC (c) AC=TFC + AVC (d) Air-con = AFC + AVC