All Courses
Get the App Signup / Login
Sign in Open App
CA Foundation Exam  >  CA Foundation Tests  >  Business Economics for CA Foundation  >  Test: Theory Of Cost- 3 - CA Foundation MCQ

Test: Theory Of Cost- 3 - CA Foundation MCQ


Test Description

30 Questions MCQ Test Business Economics for CA Foundation - Test: Theory Of Cost- 3

Test: Theory Of Cost- 3 for CA Foundation 2024 is part of Business Economics for CA Foundation preparation. The Test: Theory Of Cost- 3 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Theory Of Cost- 3 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Theory Of Cost- 3 below.
Solutions of Test: Theory Of Cost- 3 questions in English are available as part of our Business Economics for CA Foundation for CA Foundation & Test: Theory Of Cost- 3 solutions in Hindi for Business Economics for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Theory Of Cost- 3 | 30 questions in 30 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Business Economics for CA Foundation for CA Foundation Exam | Download free PDF with solutions
Test: Theory Of Cost- 3 - Question 1
Save

Which of the following is known as the Envelope Curve?

Test: Theory Of Cost- 3 - Question 2
Save

A firm producers 10 units of a commodity at an average total cost of Rs. 200 and with a fixed cost of Rs. 500. Find out the component of average variable cost in the total cost:

1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Theory Of Cost- 3 - Question 3
Save

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

Test: Theory Of Cost- 3 - Question 4
Save

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. _________.
Test: Theory Of Cost- 3 - Question 5
Save

Long run price is also called by the name of ________.
Test: Theory Of Cost- 3 - Question 6
Save

Which of the following cost curve will slope downward and does not touch the x-axis?
Test: Theory Of Cost- 3 - Question 7
Save

Consider the following data 

The Average Variable Cost (AVC) for an output of 4 units will be:-
Test: Theory Of Cost- 3 - Question 8
Save

 Average Revenue Curve is also known as _________.
Test: Theory Of Cost- 3 - Question 9
Save

Payment made to outsiders for their goods and services are called :
Test: Theory Of Cost- 3 - Question 10
Save

When AC curve is rising, the MC curve must be ________ to it
Test: Theory Of Cost- 3 - Question 11
Save

What will be the total fixed cost for the production of three units as per the details given below?
Test: Theory Of Cost- 3 - Question 12
Save

A firm encountering economies of scale over some range of output will have a:
Test: Theory Of Cost- 3 - Question 13
Save

 In which of the following cases opportunity cost concept applies?
Test: Theory Of Cost- 3 - Question 14
Save

Calculate AFC at 2nd unit of output 
Test: Theory Of Cost- 3 - Question 15
Save

Which statement among below is correct in reference in Average Fixed Cost
Test: Theory Of Cost- 3 - Question 16
Save

Opportunity cost is : 
Test: Theory Of Cost- 3 - Question 17
Save

What will be the TVC if we produce 2 units?
Units  0    1    2
TC    20  37  50
Test: Theory Of Cost- 3 - Question 18
Save

Which curve is never U-shaped?
Test: Theory Of Cost- 3 - Question 19
Save

External economies accrue due to ________:
Test: Theory Of Cost- 3 - Question 20
Save

Average Revenue Curve is also known as _________.
Test: Theory Of Cost- 3 - Question 21
Save

 Which one of the following is correct?
Test: Theory Of Cost- 3 - Question 22
Save

When shape of average cost curve is upward, marginal cost : 
Test: Theory Of Cost- 3 - Question 23
Save

Which of the following is known as Envelope curve?
Test: Theory Of Cost- 3 - Question 24
Save

Payment made to outsiders for their goods and services are called :
Test: Theory Of Cost- 3 - Question 25
Save

 Long run price is also called by the name of ________.
Test: Theory Of Cost- 3 - Question 26
Save

 AFC curve is: 
Detailed Solution for Test: Theory Of Cost- 3 - Question 26

The average fixed costs AFC curve is downward sloping because fixed costs are distributed over a larger volume when the quantity produced increases. AFC is equal to the vertical difference between ATC and AVC. Variable returns to scale explains why the other cost curves are U-shaped.

Test: Theory Of Cost- 3 - Question 27
Save

A firm’s average fixed cost is Rs. 40 at 12 units. What will be the average fixed cost at 8 units:
Test: Theory Of Cost- 3 - Question 28
Save

Which of the following cost curves is never ‘U’ shaped?
Test: Theory Of Cost- 3 - Question 29
Save

 Calculate total cost of 4 units:
Test: Theory Of Cost- 3 - Question 30
Save

Which of the following cost curves is never ‘U’ shaped?
Detailed Solution for Test: Theory Of Cost- 3 - Question 30

Average fixed cost curve is never U-shaped. The average fixed costs AFC curve is downward sloping because fixed costs are distributed over a larger volume when the quantity produced increases.

135 videos|190 docs|88 tests
Join Course
Information about Test: Theory Of Cost- 3 Page
In this test you can find the Exam questions for Test: Theory Of Cost- 3 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Theory Of Cost- 3, EduRev gives you an ample number of Online tests for practice

Top Courses for CA Foundation

Download as PDF

Top Courses for CA Foundation

Important Questions for Theory Of Cost- 3

Find all the important questions for Theory Of Cost- 3 at EduRev.Get fully prepared for Theory Of Cost- 3 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Theory Of Cost- 3 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Theory Of Cost- 3 resources.

Theory Of Cost- 3 MCQs with Answers

Prepare for the Theory Of Cost- 3 within the CA Foundation exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Theory Of Cost- 3 Business Economics for CA Foundation

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Theory Of Cost- 3 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup