MCQ Issues having Category twelve Business economics Part step three Manufacturing and you may Will cost you having Answers

MCQ Issues having Category twelve Business economics Part step three Manufacturing and you may Will cost you having Answers

Manufacturing and you will Will set you back Classification twelve MCQs Concerns having Answers

Concern step one. For the creation mode, production try a function of: (a) Rates (b) Activities off Design (c) Complete Cost (d) Not one of them

Matter 2. Might cause of performing regulations off Shrinking Production try: (a) Deficiency of Points (b) Imperfect Substitution between Activities (c) Each other (a) and (b) (d) None of your more than

Matter step 3. Which of one’s pursuing the demonstrates to you the latest brief-work at development setting ? (a) Rules regarding Consult (b) Legislation of Varying Proportion (c) Productivity so you’re able to Scale (d) Flexibility out-of Request

Matter cuatro. Long-focus on creation function is related to: (a) Legislation regarding Consult (b) Rules from Growing Productivity (c) Laws from Returns so you can Size (d) Elasticity out-of Consult

Concern 5. Where stage from production a mental producer likes to operate when you look at the attempt-focus on design ? (a) Earliest Phase (b) Second Phase (c) 3rd Stage (d) Nothing ones

Matter 6. Legislation regarding changeable ratio teaches you about three level away from design. In the first phase from production: (a) One another MP and AP increase (b) MP goes up (c) AP Drops (d) MP are zero

Matter seven. Where big date all activities off development is generally altered ? (a) Short-run (b) Longer term (c) Longer work on (d) 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

Question 9. Hence activities certainly one of following we discover in a nutshell-manage design processes ? (a) Fixed Situations (b) Changeable Affairs (c) Each other (a) and (b) (d) None of these

Concern 10. The latest years and this develops first and once getting lingering starts to eradicate is called : (a) Application (b) MPP (c) TPP (d) Each one of these

Concern eleven. And therefore of one’s following the is a beneficial saurce out-of creation ? (a) Belongings (b) Work (c) Financial support (d) Many of these

Matter a dozen. Law out-of adjustable ratio is related to : (a) One another quick-focus on and you may longer term (b) Long-run (c) Short-focus on (d) Longer-work with

MCQ Questions to possess Classification 12 Business economics Chapter step 3 Design and you may Will cost you which have Responses

Concern fourteen. In the event the all items off development is actually improved from the exact same ratio and for that reason efficiency expands of the an increased ratio than simply it is titled : (a) Ongoing productivity so you’re able to measure (b) Decreasing yields to help you scale (d) A few of these (d) None ones

Matter 15. Hence of your following the is roofed when you look at the currency rates ? (a) Regular Funds (b) Specific Rates (c) Implicit Cost (d) Each one of these

Concern sixteen. Which of your following is not fixed costs ? (a) Insurance premium (b) Focus (c) Cost of Brutal Situation (d) Book of your Warehouse

Concern 17. On the increase in design the difference between total cost and full repaired costs: (a) Stays Lingering (b) Expands (c) Decrease (d) One another Grows otherwise Decrease

Question 18. Changes in manufacturing wide variety apply at: (a) Both Repaired and you can Adjustable Cost (b) Only Varying Costs (c) Just Fixed Costs (d) None of the above

Question 19. What will happen when development try power down ? (a) Repaired Costs Increases (b) Varying Will cost you Decline (c) Variable Costs getting zero (d) Repaired Can cost you become no

Question 20. The alternative name of opportunity pricing try: (a) Monetary Cost (b) Equilibrium Price (c) Limited Prices (d) Average Cost

Question 21. When mediocre costs is decreasing just what condition marginal cost enjoys given that compared to average costs ? (a) MC > Air cooling (b) MC = Air-conditioning (c) MC ? Air cooling (d) MC ? Air conditioning

Concern 22. And therefore report of the pursuing the holds true ? (a) AC=TFC – TVC (b) Air conditioning = AFC + TVC (c) AC=TFC + AVC (d) Air-conditioning = AFC + AVC

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