MCQ Economics Class 12 Chapter 3 Production and Costs Microeconomics

Advertisement

MCQ’s For All Chapters – Microeconomics Class 12th

1. What is the shape of the marginal product curve?

Question 1 of 20

2. When does average product continue to rise?

Question 2 of 20

3. At which point does the marginal product curve cut the average product curve?

Question 3 of 20

4. What are constant returns to scale?

Question 4 of 20

5. If all inputs are doubled and output increases by more than double, which type of returns to scale exists?

Question 5 of 20

6. If all inputs are doubled and output increases by less than double, which type of returns to scale exists?

Question 6 of 20

7. In a Cobb-Douglas production function, when α + β = 1, the function exhibits:

Question 7 of 20

8. What does the cost function describe?

Question 8 of 20

9. What is total fixed cost?

Question 9 of 20

10. What is total variable cost?

Question 10 of 20

11. Which equation correctly represents total cost?

Question 11 of 20

12. If total fixed cost is Rs 20 and total variable cost is Rs 18, what is total cost?

Question 12 of 20

13. What is short run average cost?

Question 13 of 20

14. Which relationship is correct?

Question 14 of 20

15. What happens to average fixed cost as output increases?

Question 15 of 20

16. What is the shape of the average fixed cost curve?

Question 16 of 20

17. What is short run marginal cost?

Question 17 of 20

18. What is the shape of the short run marginal cost curve?

Question 18 of 20

19. In the long run, which statement about fixed costs is correct?

Question 19 of 20

20. At which point does the LRMC curve cut the LRAC curve?

Question 20 of 20


 

MCQ
Quiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

CBSE Board English Medium

CBSE Board Hindi Medium

बिहार बोर्ड

उत्तर प्रदेश बोर्ड

महाराष्ट्र बोर्ड

मध्य प्रदेश बोर्ड

ગુજરાત બોર્ડ

PSC Exam Preparation

Install App

Install our app for the best experience!