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Free MCQ’s Quiz on Class 11 Economics Chapter 3 – Production and Costs – Set 1

Free MCQ’s Quiz for Class 11 Economics Chapter 3 – Production and Costs with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th Economics – ‘Production and Costs’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 11 Economics Chapter 3 – Production and Costs. Production and Costs analyse the behaviour of a producer. In this chapter, we learn why companies choose their production and how their costs affect the decisions they make.

To make you perfect in this topic – Production and Costs, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Production and Costs.

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Free MCQ’s on Production and Costs

Results

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#1. If the quantity of the production changes, then it affect on:

#2. When the production increases, the difference between total cost and total fixed cost:

#3. Among these, which is not a fixed cost?

#4. In short-run production, at which point of the process does a rational producer like to perform?

#5. Which of the following is included in money cost?

#6. The cost of production per unit is ____.

#7. The term “increase in income from a unit of production” is referred to _____.

#8. Total cost is the sum of _____.

#9. Among the following, which of the following is not fixed cost?

#10. What is the shape of the average cost curve?

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