CBSE Class 11 Production and Costs Multiple Choice Questions with Answers. MCQ Questions Class 11 Production and Costs with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Production and Costs with Answers to know their preparation level.
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MCQ Questions Class 11 Production and Costs with Answers - Set - 4
Question 1:
Which of the following is a true statement ?
(a) AR indicates price
(b) AR Curve and Demand Curve are the same
(c) Both (a) and (b)
(d) None of the above
Correct Answer – (C)
Question 2:
AR is shown as:
(a) TR/Q
(b) ΔQ/P
(c) ΔTR/ΔQ
(d) None of these
Correct Answer – (A)
Question 3:
When 5 units of a goods are sold, total revenue is Rs. 100. When 6 units are sold, marginal revenue is Rs. 8. At what price are 6 units sold ?
(a) Rs. 28 per unit
(b) Rs. 20 per unit
(c) Rs. 18 per unit
(d) Rs. 12 per unit
Correct Answer – (C)
Question 4:
In perfect competition, which of the following remains constant ?
(a) AR
(b) MR
(c) Both AR and MR
(d) None of the both
Correct Answer – (C)
Question 5:
In monopoly and monopolistic competition :
(a) AR = MR
(b) AR > MR
(c) AR < MR
(d) None of these
Correct Answer – (B)
MCQ Questions Class 11 Production and Costs With Answers
Question 6:
In which market AR curve is parallel to X-axis ?
(a) Perfect Competition
(b) Monopoly
(c) Monopolistic Competition
(d) In all the above
Correct Answer – (A)
Question 7:
MR is shown as:
(a) ΔTR/ΔQ
(b) TR/Q
(c) ΔAR/Q
(d) None of these
Correct Answer – (A)
Question 8:
In perfect competition:
(a) AR = MR
(b) AR > MR
(c) MR < MC
(d) MR = MC = 0
Correct Answer – (A)
Question 9:
With which condition, firm will get maximum profit ?
(a) Where MR = MC
(b) Where MC cuts MR from below
(c) Both (a) and (b)
(d) None of the above
Correct Answer – (C)
Question 10:
In which market AR = MR ?
(a) Monopoly
(b) Monopolistic Competition
(c) Both (a) and (b)
(d) Perfect Competition
