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Free MCQ’s Quiz on Class 11 Economics Chapter 3 – Production and Costs – Set 2

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



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#1. Production is a function of:

#2. The fundamental reason for applying the Law of Diminishing Returns is:

#3. The long-run production function is associated with:

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

#5. The law of variable proportion explains three stages of production. During the first stage of production:

#6. At which time all the factors of production may be changed?

#7. Production function is expressed as:

#8. Which factors among the following do we find in the short-run production process?

#9. The cycle that begins with a rise and then becomes constant before beginning to decrease is known as:

#10. Which of the following is a source of production?


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