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Sample Paper Series- II - CA Foundation MCQ


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30 Questions MCQ Test Mock Tests & Past Year Papers for CA Foundation - Sample Paper Series- II

Sample Paper Series- II for CA Foundation 2025 is part of Mock Tests & Past Year Papers for CA Foundation preparation. The Sample Paper Series- II questions and answers have been prepared according to the CA Foundation exam syllabus.The Sample Paper Series- II MCQs are made for CA Foundation 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Sample Paper Series- II below.
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Sample Paper Series- II - Question 1

A firm has variable cost of Rs. 1,000 at 5 units of output. If fixed cost are Rs. 400, what will be the average total cost at 5 units of output?

Detailed Solution for Sample Paper Series- II - Question 1

To determine the Average Total Cost (ATC) at 5 units of output, follow these steps:

  1. Understand the Components:

    • Variable Cost (VC): This is the cost that changes with the level of output. Here, it's Rs. 1,000 for 5 units.
    • Fixed Cost (FC): This is the cost that remains constant regardless of the output level. Here, it's Rs. 400.
  2. Calculate the Total Cost (TC):

    • Total Cost is the sum of Variable Cost and Fixed Cost.
    • So, Total Cost = Variable Cost + Fixed Cost
    • Plugging in the numbers: Total Cost = Rs. 1,000 + Rs. 400 = Rs. 1,400
  3. Determine the Average Total Cost (ATC):

    • Average Total Cost is the Total Cost divided by the number of units produced.
    • So, Average Total Cost = Total Cost ÷ Number of Units
    • Plugging in the numbers: Average Total Cost = Rs. 1,400 ÷ 5 = Rs. 280

Conclusion:

The Average Total Cost at an output level of 5 units is Rs. 280.

Sample Paper Series- II - Question 2

In the long run under which competition a firm may earn super normal profits?

Sample Paper Series- II - Question 3

In Law of negative returns (Third stage of Law of variable proportions)

Sample Paper Series- II - Question 4

Supply of a good and its price have

Sample Paper Series- II - Question 5

If firm ’s average cost curve is falling then marginal curve must be:

Sample Paper Series- II - Question 6

An expansion in the supply of a good is caused by a:

Sample Paper Series- II - Question 7

Which of the following has the lowest price elasticity of supply?

Sample Paper Series- II - Question 8

In Economics, the central economic problem means:

Sample Paper Series- II - Question 9

The law of scarcity

Sample Paper Series- II - Question 10

For the prices- taking firm :

Sample Paper Series- II - Question 11

A monopolist is able to maximize his profits when:

Sample Paper Series- II - Question 12

In Imperfect competition:

Sample Paper Series- II - Question 13

Product differentiation is the most important feature of:

Sample Paper Series- II - Question 14

Relationship between AR, MR and Price elasticity of demand is

Sample Paper Series- II - Question 15

In a perfectly competitive firm, MC curve above AVC is the _____ Curve of the firm

Sample Paper Series- II - Question 16

Questions like what should be the level of national inc om e, what should be the wage rate fall within the scope of:

Sample Paper Series- II - Question 17

Which of the following is not one of the features of capitalist economy?

Sample Paper Series- II - Question 18

Which is not the assumption of Indifference curve Analysis?

Sample Paper Series- II - Question 19

The horizontal demand curve parallel to x-axis implies that the elasticity of demand is 

Sample Paper Series- II - Question 20

When is TP maximum

Sample Paper Series- II - Question 21

Variable cost includes the cost of

Sample Paper Series- II - Question 22

Which of the following is correct?

Sample Paper Series- II - Question 23

When average cost curve is rising then, marginal cost

Sample Paper Series- II - Question 24

The vertical difference between TVC and TC is equal to:

Sample Paper Series- II - Question 25

The consumer is in equilibrium when:

Sample Paper Series- II - Question 26

Capital is a :

Sample Paper Series- II - Question 27

Which is not the function of an entrepreneur?

Sample Paper Series- II - Question 28

A higher indifference curve shows:

Sample Paper Series- II - Question 29

In case of an inferior good the income elasticity of demand is:

Sample Paper Series- II - Question 30

When quantity demanded changes by larger percentage than does price, elasticity is termed as:

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