MCQ Inquiries getting Category 12 Business economics Part step three Development and you will Can cost you with Responses

MCQ Inquiries getting Category 12 Business economics Part step three Development and you will Can cost you with Responses

Creation and you will Will cost you Class 12 MCQs Inquiries which have Responses

Matter step 1. In the development form, development is actually a function of: (a) Rate (b) Factors out-of Manufacturing (c) Total Expenses (d) None of them

Question 2. The essential cause away from doing work legislation off Shrinking Efficiency try: (a) Lack of Things (b) Incomplete Substitution between Points (c) One another (a) and (b) (d) Nothing of a lot more than

Matter step 3. Which of one’s following explains the fresh new small-work at creation means ? (a) Law from Demand (b) Law out of Variable Proportion (c) Output to help you Measure (d) Flexibility from Consult

Question cuatro. Long-manage production setting resembles: (a) Law off Request (b) Rules from Growing Productivity (c) Laws off Returns so you can Size (d) Elasticity of Demand

Matter 5. In which stage of design a rational producer likes to perform within the test-manage production ? (a) First Phase (b) Next Phase (c) 3rd Stage (d) Not one of these

Matter six. Law of variable proportion shows you around three degree off design. In the 1st phase from design: (a) Each other MP and AP rise (b) MP rises (c) AP Drops (d) MP is actually zero

Concern eight. Of which go out most of the issues out-of creation may be changed ? (a) Short-run (b) Longer term (c) Long work at (d) Most of the 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 that affairs one of following we discover in short-work on creation process ? (a) Fixed Things (b) Adjustable Products (c) Both (a) and (b) (d) Not one of those

Question 10. The fresh new stage hence develops first and you will immediately following being lingering starts to get rid of is called : (a) App (b) MPP (c) TPP (d) Many of these

Concern eleven. And this of your own following the was an excellent saurce of development ? (a) Property (b) Labour (c) Financial support (d) All these

Matter several. Law out of changeable ratio is comparable to : (a) Both brief-work at and you will long term (b) Long-work on (c) Short-work on (d) Long-manage

MCQ Questions to have Classification a dozen Business economics Chapter 3 Design and you can Will set you back which have Responses

Matter 14. In the event that the items regarding creation is enhanced of the exact same proportion and thus production grows of the an increased proportion than it is called : (a) Ongoing production so you’re able to measure (b) Decreasing returns to help you scale (d) A few of these (d) Not one of these

Question fifteen. And therefore of after the is roofed into the currency pricing ? (a) Typical Earnings (b) Explicit Costs (c) Implicit Pricing (d) All of these

Question 16. Hence of your following is not fixed costs ? (a) Insurance premium (b) Attract (c) Price of Brutal Thing (d) Book of your own Warehouse

Question 17. To the rise in development the difference between total price and you can overall repaired prices: (a) Remains Constant (b) Develops (c) Minimizes (d) One another Increases or Decrease

Matter 18. Changes in design amounts affect: (a) One another Repaired and you can Changeable Prices (b) Simply Adjustable Cost (c) Simply Repaired Pricing (d) Not one of your more than

Question 19. What the results are when creation try power down ? (a) Repaired Costs Increases (b) Adjustable Will set you back Refuse (c) Variable Costs become no (d) Repaired Will set you back end up being zero

Concern 20. The alternative term of options pricing try: (a) Economic Pricing (b) Balance Rates (c) Limited Costs (d) Average Costs

Question 21. When mediocre rates was coming down what updates marginal cost keeps since the compared to mediocre rates ? (a) MC > Air conditioning (b) MC = Air conditioning (c) MC ? Air cooling (d) MC ? Air cooling

Concern 22. Which report of your following holds true ? (a) AC=TFC – TVC (b) Air-conditioning = AFC + TVC (c) AC=TFC + AVC (d) Air cooling = AFC + AVC

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