#### Cost and Revenue Analysis Sample Questions

11th Standard

Reg.No. :
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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.