the costs of production

the costs of production

University

20 Qs

quiz-placeholder

Similar activities

Chayamana Quiz Competition

Chayamana Quiz Competition

1st Grade - University

15 Qs

POM_Marketing Environment

POM_Marketing Environment

University

20 Qs

Topic 1 & 2

Topic 1 & 2

University

18 Qs

Resistors in Parallel and Total Parallel Resistance

Resistors in Parallel and Total Parallel Resistance

University

15 Qs

Silver challenge exam 3

Silver challenge exam 3

University

15 Qs

POM- Chapter 1

POM- Chapter 1

University

15 Qs

STANDARD COSTING AND VARIANCE ANALYSIS

STANDARD COSTING AND VARIANCE ANALYSIS

University

15 Qs

PF Unit 5

PF Unit 5

KG - University

20 Qs

the costs of production

the costs of production

Assessment

Quiz

Business, Other

University

Practice Problem

Hard

Created by

Muhammad Balbaa

Used 36+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Costs that do not vary with the quantity of output produced

Fixed costs

Marginal cost

Implicit costs

Total cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total revenue minus total cost

Marginal profit

Marginal Revenue

Profit

Accounting profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The increase in total cost that arises from an extra unit of production

Implicit costs

Average fixed cost

Average total cost

Marginal cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The property whereby long-run average total cost falls as the quantity of output increases

Constant returns to scale

Economies of scale

Diseconomies of scale

Efficient scale

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The property whereby long-run average total cost stays the same as the quantity of output changes

Constant returns to scale

Economies of scale

Diseconomies of scale

Efficient scale

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Input costs that do not require an outlay of money by the firm

Average fixed cost

Total cost

Implicit costs

Marginal cost

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The increase in output that arises from an additional unit of input

Marginal product

Production function

Diminishing marginal product

The cost of production

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?