MCQ Concerns for Group twelve Business economics Chapter 3 Manufacturing and you will Will set you back with Responses

Production and you will Can cost you Category twelve MCQs Concerns that have Solutions

Concern step one. In the design setting, manufacturing is a purpose of: (a) Speed (b) Circumstances out of Creation (c) Full Expenditure (d) Nothing of those

Matter 2. The fundamental reasoning off doing work regulations out-of Shrinking Yields try: (a) Lack of Items (b) Imperfect Replacing ranging from Products (c) Both (a) and you can (b) (d) Not one of your a lot more than

Question 3. And that of one’s following the teaches you the brief-work on manufacturing mode ? (a) Rules away from Request (b) Legislation from Variable Ratio (c) Yields so you can Level (d) Suppleness of Consult

Concern 4. Long-manage creation setting is related to: (a) Legislation off Demand (b) Legislation of Expanding Yields (c) Legislation from Efficiency so you can Level (d) Suppleness of Request

Matter 5. In which stage of production a rational music producer likes to jobs for the test-focus on design ? (a) Basic Phase (b) 2nd Stage (c) Third Phase (d) Nothing ones

Matter 6. Rules from changeable proportion shows you around three degrees out of manufacturing. In the 1st phase off creation: (a) Each other MP and you may AP go up (b) MP rises (c) AP Falls (d) MP try zero

Matter seven. Of which go out the activities off design tends to be altered ? (a) Short-run (b) Long term (c) Longer work with (d) All of the about 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. Hence facts certainly following we find in a nutshell-manage design process ? (a) Repaired Things (b) Adjustable Items (c) Both (a) and you can (b) (d) None of these

Question 10. Brand new duration and that expands basic and you can just after are ongoing actually starts to reduce is named : (a) Application (b) MPP (c) TPP (d) A few of these

Concern 11. And that of following the was an excellent saurce of design ? (a) Residential property (b) Labour (c) Investment (d) A few of these

Question several. Laws off variable ratio resembles : (a) Each other brief-run and you may long term (b) Long-focus on (c) Short-manage (d) Very long-focus on

MCQ Concerns to possess Classification twelve Business economics Part step three Manufacturing and you will Can cost you with Answers

Concern 14. In the event the all products from creation was enhanced because of the exact same proportion and thus returns grows by a heightened proportion than it is named : (a) Lingering returns to help you level (b) Decreasing productivity to help you size (d) Each one of these (d) None of those

Concern 15. And this of your following is included during the currency rates ? (a) Regular Profit (b) Explicit Pricing (c) Implicit Rates (d) Each one of these

Question sixteen. And this of the after the isn’t fixed costs ? (a) Top (b) Desire (c) Price of Intense Point (d) Rent of your own Facility

Question 17. Towards the escalation in design the difference between total cost and total repaired cost: (a) Remains Lingering (b) Develops (c) Decreases (d) Both Increases or Reduces

Matter 18. Alterations in creation number apply at: (a) One another Fixed and you can Variable Pricing (b) Only Changeable Rates (c) Only Repaired Prices (d) Nothing of your more than

Concern 19. What goes on whenever manufacturing is actually closed ? (a) Fixed Pricing Develops (b) Adjustable Will set you back Decline (c) Variable Costs getting no (d) Repaired Can cost you feel zero

Concern 20. The alternative term from options costs is: (a) Monetary Rates (b) Harmony Rates (c) Limited Cost (d) Average Rates

Matter 21. When average rates was coming down exactly what condition marginal prices features given that compared to the average rates ? (a) MC > Air-conditioning (b) MC = Air-con (c) MC ? Air-con (d) MC ? Air conditioning

Matter 22. Hence declaration of adopting the holds true ? (a) AC=TFC – TVC (b) Air-conditioning = AFC + TVC (c) AC=TFC + AVC (d) Air conditioning = AFC + AVC