Theory of Production and Cost-Test 4

The total cost of production of 10 units is Rs.200. When production is increased to 20 units its total cost becomes Rs.600. What will be its marginal cost.

Units:       :   0       1           2           3            4

Total cost :   20      30        40        45           50

What will be the AFC at 4 units of output ?

Payment made to outsiders for their goods and services are called :

Direct cost is also known as ——————-

A firms AFC is Rs.200 at 10 units of output what will be it at 20 units of output?

Long run price is also called by the name of ————

What will be the AFC of 2 units according to the table given below:

Output     :           0          1           2

Total cost(Rs):   580       689     850

Fixed cost is known as ————– Cost.

Average Revenue curve is also known as ————–

Supply curve remaining unchanged, an increase in demand will lead to ———–

Find out AFC of 3 units:

Unit:     0             1                 2                  3

TC :   300         1,000          2,000          3,000

Units :     0             1                   2

TC     :   580         1,200          1,500

Calculate AFC at 2 nd unit of output

In the long run all factors are ————-

What will be the AFC of 3 units of output as per table given below?

Out put :               0           1                2              3

Total cost(Rs):   300      1,000        2,500       3,000

What will be the marginal cost of 67 units of production accounting to the table given below?

Production :   0         10            25             37           67

Total cost :      160      200       300          500         1,400

Which of the following is known as envelop curve?

The average fixed cost for producing an output of 6 units of a product by a firm is Rs.30. The same units of producing an output of 4 units will be ———-

Output :         0              4                  8

Total Cost:    20           24                48

What will be the AFC of 4 units of output.

Suppose the total cost of production of commodity ‘X’ is Rs.1,25,000 out of other cost implicit is Rs.35,000 and normal profit is Rs.25,000 what will be the explicit cost of commodity ‘X’?

What will be the total fixed cost for the production of three units as per the details given below :

Units        :      0            1               2                3

Total cost :    620       940         1556           3670

Cost in terms of pain, discomfort, disability involved in supplying the various factors of production by their owners are termed as ————

Which of the following is known as the envelop curve?

The cost of resources owned and employed by the entrepreneur himself in his business is termed as ————- cost.

A firm will close down in the short period if its average revenue is less than its:

A firm’s total cost is Rs.200 at 5 units of output and Rs.200 at 6 units of output. The marginal cost of producing 6th unit of output will be ———-

Consider the following data

Units of output :   0           1                 2                 3             4

Total cost           : 25          45             60                85          105

The average variable cost for an output of 4 units will be : ———

The change in total cost due to one unit change in the output is called ————– cost.

When AC curve is rising , the MC curve must be —————– to it.

The average fixed cost for producing an output of 6 units of a product by a firm is Rs.30. The same cost for producing an output of 4 units will be Rs.———

Which of the following cost curve will sloe downward and does not touch the X-axis?