EASY
CA Foundation
IMPORTANT
Earn 100

Calculate total cost of 4 units

Output 0 10 20
Total cost ₹ 200 ₹ 400 ₹ 800

40% studentsanswered this correctly

Important Questions on Theory of Production and Cost

EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Fixed Cost>Q 175
_____ Costs do not change with changes in Output.
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Fixed Cost>Q 177
Fixed costs are _____ a function of output.
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Fixed Cost>Q 178
Fixed costs may also be called as :
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Fixed Cost>Q 179
Fixed cost curve normally:
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Fixed Cost>Q 180
The vertical difference between TVC and TC curves is equal to:
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Variable Cost>Q 181

What will be the TVC if we produce 2 units

Units 0 1 2
Total cost 20 37 50
MEDIUM
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Variable Cost>Q 182
A firm producing 9 units of output has an average total cost of ₹ 200 and has to pay ₹ 630 to its fixed cost of production. How much of the average total cost is made up of variable cost?
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Variable Cost>Q 184
Total cost in the short run is classified into fixed costs and variable costs. Which one of the following is a variable cost?