Cost and Revenue Analysis One Mark Question

11th Standard

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Economics

Time : 00:30:00 Hrs
Total Marks : 10
    10 x 1 = 10
  1. Cost refers to _____.

    (a)

    Price 

    (b)

    value

    (c)

    fixed cost

    (d)

    cost of production

  2. Cost functions are derived from _____ function.

    (a)

    production

    (b)

    investment

    (c)

    demand

    (d)

    consumption

  3. Explicit costs are termed as

    (a)

    out of pocket expenses

    (b)

    real cost

    (c)

    social cost

    (d)

    sunk cost

  4. The costs of self-owned resources are termed as ____ cost.

    (a)

    real

    (b)

    explicit

    (c)

    money

    (d)

    impilicit

  5. Find total cost where TFC = 200 and TVC = 150

    (a)

    300

    (b)

    350

    (c)

    200

    (d)

    150

  6. Find total fixed cost where TC = 500 and TVC= 100.

    (a)

    100

    (b)

    200

    (c)

    300

    (d)

    400

  7. Planning curve is also called as ____.

    (a)

    Envelop curve

    (b)

    Long run average cost curve

    (c)

    Group of short run average cost curve

    (d)

    All the above

  8. When AR remains constant MR is also ____.

    (a)

    constant

    (b)

    greater

    (c)

    lesser

    (d)

    none of these

  9. A shop keeper sold 20 bags with the price of Rs. 100 each. The total revenue of the seller is Rs.

    (a)

    200

    (b)

    20

    (c)

    2000

    (d)

    1500

  10. Find Total Variable Cost where TC = 200 and TFC=50.

    (a)

    50

    (b)

    150

    (c)

    200

    (d)

    250

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