Cost analysis economics mcq
WebFeb 23, 2024 · Theory of cost Question 2: Given the total cost TC = Q 3 − 10Q 2 + 60Q, what will be the minimum average cost? At what level of output will the minimum cost … WebMCQs on Demand Analysis. Demand Analysis helps to understand the factors affecting the demand for a product or service in a market. Companies use this information to formulate strategies on pricing, marketing communications, sales forecasting, etc. Below is a list of multiple-choice questions and answers on Demand Analysis to help students ...
Cost analysis economics mcq
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WebDec 17, 2024 · Production and Costs Class 12 MCQs Questions with Answers Question 1. In production function, production is a function of: (a) Price (b) Factors of Production (c) Total Expenditure (d) None of these … WebApr 7, 2024 · Variable Cost per Unit is the variable costs incurred to create a unit. Important Points Break Even Quantity = Fixed Costs / (Sales Price per Unit – Variable Cost Per Unit) Fixed Cost = Fixed factory overheads (per year) +Fixed selling costs (per year) Fixed Cost = 10,80,000 + 5,04,000 = 15,84,000.
WebMCQs on Introduction to Microeconomics. Introduction to Microeconomics is one of the most important topics in economics. Microeconomics is mainly concerned with the behaviour of decision takers like individuals, households or firms within an economy. Here, the word ‘firm’ is used in a generic manner to refer to all kinds of business. WebMCQs on Cost concept. Q.1 What is the basic premise of cost concept? A) Cost ascertainment. B) Tax compliance. C) Financial audit. D) Profit analysis. Answer: A. …
WebAug 14, 2024 · MCQ Questions and Answers on Economics 1. In Keynesian consumption function, the property shows (A) MPC = APC (B) MPC < APC (C) MPC > APC (D) APC is Zero 2. To achieve a rise of income of 500, given MPC= 0.8, how much should be the rise in government expenditure in a simple Keynesian model? (A) 200 (B) 300 (C) 100 (D) 400 3. WebMar 22, 2024 · 6. The marginal product of a variable input is best described as: A. Total product divided by the number of units of variable input. B. The additional output resulting from a one unit increase in the variable input. C. The additional output resulting from a one unit increase in both the variable and fixed inputs. D.
WebMar 15, 2024 · Marginal Costing: Marginal cost is a technique of cost analysis wherein the marginal cost i.e. the variable cost is charged to units of cost, while the fixed cost for the period is completely written off against the contribution.; Note that variable costs are those which change as output changes - these are treated under marginal costing as …
WebEconomics MCQs Q1. What do you mean by the supply of goods? a) Stock available for sale b) Total stock in the warehouse c) The actual production of the goods d) Quantity of … cheesecake stuffed strawberries diabeticWebThe Nature of Economics. Chapter 02. Scarcity, Governments, and Economists. Chapter 03. Supply and Demand. Chapter 04. Elasticity of Demand and Supply. Chapter 05. … cheesecake stuffed snickerdoodles recipeWebAn economic analysis that assesses whether the outcome (benefits) outweighs the inputs (costs) of a program or intervention. CBA In this analysis, both the units being measured must be expressed in monetary terms. In a CBA, the benefits are usually measured as ______ cost savings Cost-effectiveness analysis flea markets close to metamoris paWebMar 15, 2024 · Get Cost Benefit Analysis Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. Download these Free Cost Benefit Analysis MCQ … flea markets close to evansville indianaWeb1. Managerial Economics is. 2. The techniques of optimization include. 3. In economics, desire backed by purchasing power is known as. 4. Basic assumptions of law of demand include. Prices of other goods should change. cheesecake stuffed strawberries recipeWeb9. A company's telephone bill consisting of a Rs. 200 monthly base amount, plus long distance charges, would be classified as a? (a) Variable cost. (b) Committed fixed cost. (b) Discretionary fixed cost. (d) Mixed cost. 10. A company has fixed costs of Rs. 50,000 and variable costs per unit of output of Rs. 8. cheesecake stuffed waffle cone recipeWebAug 7, 2024 · The major importance is economic forcasting. It helps in decision taking. What is the difficulty level? It is considered as the most difficult topic of economics. What are the basic steps? 1. Selection of hypothesis. 2. Define objectives. 3. Make models. 4. Estimation of variables. 5. Data analysis. 6. Validation. flea markets close to my location