Production and Indian Economy Quiz 5

AFC of 6 units of output is:

• Rs. 50

• Rs. 80

• Rs. 116.66

• None of above

TFC of 2nd unit of output is:

• None of below

• Rs. 110

• Rs. 410

• Rs. 300

TVC of 3 units of output is-

• 300

• 410

• 465

• 165

AVC of 5 units of output is-

• 50

• 120

• 60

• None of above

ATC or AC of 4 units of output is-

• 55.25

• 128.75

• 515

• None of above

The rising part of the LAC curve is due to which of the following?

• Economies of scale.

• Diminishing returns.

• The coordination problems in firm

• Diseconomies of scale

A firm's average total cost is Rs. 300 at 5 units output and Rs. 320 at 6 units of output. The marginal cost of producing the 6th unit is:

• Rs. 20

• Rs. 120

• Rs. 320

• Rs. 420

A toy manufacturer incurs total cost of Rs, 1, 13,900 per annum at zero level of output. If the selling price is Rs. 200 per unit and break even quantity is 680 units, what is the average variable cost per unit for the firm in Rs.?

• (a) 32.5

• (b) 33

• (c) 33.5

• (d) 31.5

A publisher publishes a book on management. His fixed cost is Rs. 2, 00, 000. If he sells the book at Rs.250 per unit and incurs a variable cost of Rs. 50 per unit, the total variable cost at break even shall be

• (a) Rs. 30,000

• (b) Rs. 50000

• (c) Rs. 2, 50,000

• (d) Rs. 2, 75,000

India has the largest scientific and technical manpower in the world.

• Fifth

• Tenth

• Eighth

• Second