Cost and Revenue Analysis Sample Questions

11th Standard

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Economics

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Cost refers to _____.

    (a)

    Price 

    (b)

    value

    (c)

    fixed cost

    (d)

    cost of production

  2. Money cost is also known as _____ cost.

    (a)

    explicit

    (b)

    implicit

    (c)

    social

    (d)

    real

  3. The cost that remains constant at all levels of output is _____ cost.

    (a)

    fixed

    (b)

    variable

    (c)

    real

    (d)

    social

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

    (a)

    300

    (b)

    350

    (c)

    200

    (d)

    150

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

    (a)

    100

    (b)

    200

    (c)

    300

    (d)

    400

  6. 5 x 2 = 10
  7. Explicit Cost - Define.

  8. What is meant by sunk cost?

  9. What is Economic cost?

  10. Write a short note on floating cost.

  11. What is prime cost?

  12. 5 x 3 = 15
  13. State the relationship between AC and MC.

  14. Write a short note on Marginal Revenue.

  15. What is social cost?

  16. Explain Average Variable cost with the help of future.

  17. Explain Average cost with the help of a diagram.

  18. 4 x 5 = 20
  19. If total cost = 10+ Q3, find out AC, AVC, TFC, AFC when Q = 5.

  20. Bring out the relationship between AR and MR curves under various price conditions.

  21. Explain the Total Revenue with the help of Diagram.

  22. If the total cost = 100 + Q3, find out AVC, AC, TFC,AFC and TVC when Q = 10.

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