# Cost and Revenue Analysis

## Cost and Revenue Analysis

Congratulations - you have completed Cost and Revenue Analysis.

You scored %%SCORE%% out of %%TOTAL%%.

Your performance has been rated as %%RATING%%

 Question 1
Cost refers to ________
 A price B value C fixed cost D cost of production
 Question 2
Cost functions are derived from _______________ function
 A production B investment C demand D consumption
 Question 3
Money cost is also known as____________ cost
 A explicit B implicit C social D real
 Question 4
Explicit cost plus implicit cost denote ___________ cost.
 A social B economic C money D fixed
 Question 5
Explicit costs are termed as
 A out of pocket expenses B real cost C social cost D sunk cost
 Question 6
The costs of self–owned resources are termed as ________ cost.
 A real B explicit C money D implicit
 Question 7
The cost that remains constant at all levels of output is _______ cost.
 A fixed B variable C real D social
 Question 8
Identify the formula of estimating average variable cost
 A TC/Q B TVC/Q C TFC/Q D TAC/Q
 Question 9
The cost incurred by producing one more unit of output is______cost.
 A variable B fixed C marginal D total
 Question 10
The cost that varies with the level of output is termed as _______ cost.
 A money B variable cost C total cost D fixed cost
 Question 11
Wage is an example for ________ cost of the production.
 A fixed B variable C marginal D opportunity
 Question 12
The cost per unit of output is denoted by _________ cost.
 A average B marginal C variable D total
 Question 13
Identify the formula of estimating average cost.
 A AVC/Q B TC/Q C TVC/Q D AFC/Q
 Question 14
Find total cost where TFC=I00 and TVC = 125
 A 125 B 175 C 225 D 325
 Question 15
Long-run average cost curve is also called as __________ curve.
 A demand B planning C production D sales
 Question 16
Revenue received from the sale of products is known as _______ revenue
 A profit B total revenue C average D marginal
 Question 17
Revenue received from the sale of additional unit is termed as ________ revenue.
 A profit B average C marginal D total
 Question 18
 A total sales B total revenue C total production D total cost
 Question 19
When price remains constant, AR will be ________ MR.
 A equal to B greater than C less than D not related to
 Question 20
A book seller sold 40 books with the price of Rs.10 each. The total revenue of the seller is Rs.___________.
 A 100 B 200 C 300 D 400
 Question 21
Profit = _______________
 A Total Revenue – Total Cost B Total Revenue + Total Cost C Total Revenue x Total Cost D Total Revenue / Total Cost
 Question 22
Identify the formula of average fixed cost
 A TC/Q B TVC/Q C TFC/Q D TAC/Q
 Question 23
Find total cost where TFC = 200 and TVC = 150
 A 300 B 350 C 200 D 150
 Question 24
Find total fixe cost where TC = 500 and TVC = 100
 A 100 B 200 C 300 D 400
 Question 25
Planning curve is also called as ___________
 A Envelop curve B Long run average cost curve C Group of short run average cost curve D All the above
 Question 26
When AR remains constant MR is also _________
 A Constant B Greater C Lesser D None of these
 Question 27
A shop keeper sold 20 bags with the price of Rs.100 each. The total revenue of the seller is Rs.________
 A 200 B 20 C 2000 D 1500
 Question 28
Find Total Variable Cost where TC = 200 and TFC = 50
 A 50 B 150 C 200 D 250
 Question 29
The functional relationship between cost and output is expressed as __________
 A Production function B Consumption function C Cost function D Distribution function
 Question 30
A cost function may by written as _________
 A C = f (Q) B Y = S C C = f (Y) D TC/Q
 Question 31
Production cost expressed in money terms is called __________
 A Real Cost B Money Cost C Sunk Cost D Opportunity Cost
 Question 32
Adam Smith regarded pains and sacrifies of labour as ___________ of Production
 A Real Cost B Money Cost C Sunk Cost D Opportunity Cost
 Question 33
Out of pocket cost is also called as _______
 A Real Cost B Money Cost C Sunk Cost D Opportunity Cost
 Question 34
__________ is the summation of explicit and implicit costs.
 A Sunk Cost B Prime Cost C Economic Cost D Variable Cost
 Question 35
Opportunity cost is also called as _________
 A Alternative Cost B Transfer Cost C Both ‘a’ and ‘b’ D None of these
 Question 36
____________is also called as ‘Retrospective Cost’
 A Floating B Sunk Cost C Economic Cost D Money Cost
 Question 37
__________ cost is necessary to run the day-to-day business of a firm
 A Floating Cost B Sunk Cost C Fixed Cost D Variable Cost
 Question 38
_________ = Variable Costs + Costs of Administration
 A Fixed Cost B Money Cost C Opportunity Cost D Prime Cost
 Question 39
Fixed cost is also called as ______________
 A Supplementary Cost B Overhead Cost C Both ‘a’ and ‘b’ D None of these
 Question 40
Variable Cost is also called as ___________
 A Prime Cost B Special Cost C Direct Cost D All of these
 Question 41
TC = __________
 A TFC + TVC B TFC – TVC C TFC x TVC D TFC / TVC
 Question 42
AC = _____________
 A AFC – AVC B AFC + AVC C AFC x AVC D AFC / AVC
 Question 43
Marginal Cost is = ___________
• (a) TC n – TC n-1             (b) TC n + TC n-1             (c) TCn x TC n-1              (d) TCn / TCn-1
 A A B B C C D D
 Question 44
MC curve is a _________ shaped curve
 A V’ B ‘L’ C ‘A’ D ‘U’
 Question 45
TR = __________
 A P x Q B P + Q C P – Q D P / Q
 Question 46
When MR is zero, the total revenue becomes ___________
 A Minimum B Maximum C Normal D Equal
 Question 47
Find out profit, when TR = 55, TC = 30
 A 20 B 35 C 25 D 80
 Question 48
TR = TC is
 A Break Even Point B Loss C Profit D None of these
 Question 49
Find out AFC, when AC = 100, AVC = 80
 A 15 B 180 C 20 D 80
 Question 50
Under perfect competition. The demand curve is
 A Upward sloping B Horizontal C Downward sloping D Vertical
Once you are finished, click the button below. Any items you have not completed will be marked incorrect.
There are 50 questions to complete.

### Tnpsctricks

error: Content is protected !!