Class 11 Economics MCQ Chapter 6 Theory of Supply Question Answer English Medium to each chapter is provided in the list so that you can easily browse through different chapters Class 11 Economics MCQ Chapter 6 Theory of Supply and select need one. AHSEC Class 11 Economics Objective Type Solutions in English As Per AHSEC New Book Syllabus Download PDF. AHSEC Economics MCQ Class 11.
Class 11 Economics MCQ Chapter 6 Theory of Supply
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. AHSEC Class 11 Economics Multiple Choice Solutions are part of All Subject Solutions. Here we have given AHSEC Class 11 Economics MCQ in English for All Chapters, You can practice these here.
Theory of Supply
Chapter: 6
| PART – A : MICROECONOMICS |
Choose the Correct Option:
1. Production function expresses the relation between:
(a) Inputs and prices.
(b) Inputs and outputs.
(c) Outputs and costs.
(d) Costs and profits.
Ans: (b) Inputs and outputs.
2. Production function is a:
(a) Financial relation.
(b) Economic relations.
(c) Outputs and costs.
(d) Costs and profits.
Ans: (b) Economic relation.
3. Production function depends on:
(a) Demand.
(b) Government.
(c) Physical technical relation.
(d) Market relation.
Ans: (c) Physical technical relation.
4. A production function is expressed with reference to:
(a) Profit period.
(b) Time period.
(c) Budget period.
(d) Income period.
Ans: (b) Time period.
5. The most efficient technology is chosen during:
(a) Any time.
(b) Recession.
(c) A given time period.
(d) Expansion.
Ans: (c) A given time period.
6. Inputs and outputs in production function are:
(a) Nominal.
(b) Financial.
(c) Physical.
(d) Imaginary.
Ans: (c) Physical.
7. The engineer or technician decides combinations of:
(a) Products.
(b) Inputs.
(c) Outputs.
(d) Prices.
Ans: (b) Inputs.
8. Production function shows:
(a) Price relations.
(b) Cost curves.
(c) Input-output relation.
(d) Demand-supply.
Ans: (c) Input-output relation.
9. The quantity of factors used depends on:
(a) Cost.
(b) Technology.
(c) Profit.
(d) Law.
Ans: (b) Technology.
10. The relationship expressed in the production function is:
(a) Nominal.
(b) Market based.
(c) Physical and technical.
(d) Competitive.
Ans: (c) Physical and technical.
11. Fixed factors are:
(a) Changeable.
(b) Constant in the short run.
(c) Variable.
(d) Unused.
Ans: (b) Constant in the short run.
12. Variable factors:
(a) Remain fixed.
(b) Don’t affect output.
(c) Change with output.
(d) Are always costly.
Ans: (c) Change with output.
13. Labour is a:
(a) Fixed factor.
(b) Variable factor.
(c) Capital.
(d) Cost.
Ans: (b) Variable factor.
14. Plant and machinery are:
(a) Variable.
(b) Raw materials.
(c) Fixed factors.
(d) Labour.
Ans: (c) Fixed factors.
15. Variable factors are:
(a) Unrelated to output.
(b) Directly related to output.
(c) Always fixed.
(d) Optional.
Ans: (b) Directly related to output.
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