In a cost function, the dependent variable is unit cost or total cost and the independent variable(s)are ________.

Which of the following is true of the relationship between the marginal cost function and the average cost function?

Which of the following in incurred first?

When the output of a firm increase in the short run, its average fixed cost.

A company produces 10 units of output and incurs ₹ 30 per unit as variable cost and ₹ 5 per unit of fixed cost. What will be its total cost of producing 10 units₹

Indirect Costs are not easily and definitely identifiable in relation to a plants, products, process or department. These are ________ changed to different jobs or products in stan-dard accounting

Which of the following is known as Envelope curve?

A firm produces 10 units of a commodity at an average total cost of ₹ 200 and with a fixed cost of ₹ 500. Find out the component of average variable cost in the total cost:

Average cost of producing 50 units of any commodity is ₹ 250 and fixed cost is ₹ 1,000. What will be the average fixed cost of producing 100 units of the commodity?

________ Cost refers to the cost incurred in the past on the acquisition of a productive asset

Which of the following statements is true of the relationship among the average cost functions?

The total Cost Curve is obtained by adding ________ the ________ curve and the Curve.

Fixed costs are ________ a function of output.

A firm producing 9 units of output has an average total cost of f 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?

Planning curve is related to which of the following?

Marginal cost is defined as:

The Semi-Variable Cost: ________

Total cost in the short run is clas-sified into fixed costs and variable costs. Which one of the following is a variable cost?

The slope of Average Fixed cost curve is?

Average fixed cost curve is always:

What is the total cost of produc-tion of 20 units, if fixed cost ₹ 5,000 and variable cost is ₹ 2/-?

If LAC curve falls as output expands, this is due to :

Which of the following curves never touch any axis but is downward.

Which of the following statements is correct?

Cost Function is the mathemati-cal relation between ________ of a Product and the various determinants of ________.

A firm’s long-run average total cost curve is.

A firm’s average fixed cost is ₹ 20 at 6 units of output. What will it be at 4 units of output?

Opportunity Cost is ________

Other things remaining the same, an increase in price will make ________ cost higher than ________ cost.

Which of the following statement is incorrect?

The concept of opportunity cost has to be considered whenever :

A Company is willing to change its existing Machinery (5 years old) by a new machinery at a cost of ₹ 10,00,000. The cost of ₹ 10,00,000 may be regarded as:

Opportunity cost is the ________ value that is foregone in choosing one activity over the alternative.

________ refer to those costs which are already incurred once and for all and cannot be recovered.

If fixed cost is plotted on a graph taking output on X-axis and Cost on Y axis, the Fixed cost will be represented by ________.

________ are those costs which change with changes in output.

When AC Curve is at minimum then MC Curve is ________?

U-shaped average cost curve is based on:

Marginal cost changes due to change in ________ cost.

What happens to marginal cost when average cost increases?

Which of the following cost remains fixed over certain range of output but suddenly jump to a new higher level when output goes beyond a given limit?

A firm’s average fixed cost is ₹ 40 at 12 units. What will be the average fixed cost at 8 units:

The positively sloped (rising) part of the long run average cost curve indicates working of the ________.

Suppose output increases in the short run. Total cost will

The costs which remain fixed over certain range of output but sud-denly jump to a new higher level when production goes beyond a given limit are called:

Average fixed cost can be obtained through:

A firms AFC is ₹ 200 at 10 units of output what will be it at 20 units of output?

Opportunity Cost is the cost of the ________ opportunity and involves a comparison between the policy that was ________ and the policy that was ________.

Which of the following statements is correct concerning the relationships among the firm’s cost functions?

MC curve of a firm in a perfectly competitive industry depicts?

Marginal cost changes due to changes in ________.

When AC curve is rising, the MC curve must be ________ to it.

Cost function is a function which is obtained from ________.

Semi-Variable Costs are ________ Variable, ________ fixed in relation to the changes in the size of output.

A firm producing 7 units of output has an average total cost of ₹ 150 and has to pay ₹ 350 to its fixed factors of production. How much of the average total cost is made up of variable cost?

Total Fixed cost curve

AT 10 units Total Cost – ₹ 200
20 units Total Cost – 600
Marginal Cost = ?

Which cost increases continuously with the increase in production?

Which of the following cost curves is never ‘U’ shaped?

External Economies arise due to:

A firm producing 15 units of output has average cost of ₹ 250 and ₹ 125 as per unit cost for fixed factors of production. Then average variable cost will be ________.

Which one of the following is correct?

A firm producing 7 units of output has an average total cost of ₹ 150 and has to pay ₹ 350 to its fixed factors of production whether it produces or not. How much of the average total cost is made up of variable costs?

The negatively-sloped (i.e. falling) part of the long-run average total cost curve is due to which of the following?

With which of the following is the concept of marginal cost closely related?

Which of the following is a kind of Cost function?

Which of the following curves never tough any axis but is downward ________.

Cost Functions are derived from ________ cost data of the firms.

In the long run all factors are ________.

The total cost incurred for 10 units is ₹ 400 and 20 units is ₹ 800. Find the marginal cost.

________ may vary according to the changes accruing to the product process or machine.

Which of the following is not a determinant of the firm’s cost function?

Theoretically, incremental costs are related to the concept of ________.

The Cost function expresses the relationship between ________ and ________.

________ Costs do not change with changes in Output.

Which statement among below is correct in reference in Average Fixed Cost.

A firm has a variable cost of ₹ 1000 at 5 units of output. If fixed costs are ₹ 400, what will be the average total cost at 5 units of output?

________ costs are the costs that are readily identified and are traceable to a particular product, operations or plant.

Fixed cost curve normally:

Fixed costs may also be called as:

Average Fixed Cost = ₹ 20
Quantity Produced =10 units
What will be the Average Fixed Cost of 20th unit?

If a Firm shuts down for a short period, it will not incur any ________ cost.

When shape of average cost curve is upward, marginal cost:

With which of the following is the concept of marginal cost closely related?

Electricity charges include both a fixed charge and a charge based on consumption. It should be classified as ________.

Which of the following is part of incremental costs?

If a firm’s output is zero, then:

Identify the indirect Cost

Direct Cost is also known as :

Which of the following statements concerning the long-run average cost curve is false?

If total cost at 10 units is ₹ 600 and ₹ 640 for 11th unit. The marginal cost of 11th unit is:

The change in total cost due to one unit change in the output is called ________ cost.

Which of the following is a vari-able cost in the short run₹

Which one of the following is an example of Sunk Cost?

Which of the following statements is correct?

Usually in the case of continuous decrease in price of an asset, which one of the following shall be the highest?

The Cost of resources for which the firm is not required to pay price is called as ________ cost.

Private Costs are costs actually incurred or provided for by firms. These may be ________.

The vertical difference between TVC and TC curves is equal to:

________ Costs normally figure in business decisions as they Form part of total cost and are inter-nalized by the firm.