TN STATEBOARD 11th ECONOMICS CHAPTER 4
TEST
CHAPTER TEST
TEST –5
PADVIKSHA BLOG
TIME: 1 HOUR 15 Minutes
TOTAL MARKS: 25
I Multiple Choice Questions (MCQ) (Mark- 5 x 1 = 5)
Write all questions
1. …………………….. revenue means price of the product.
(a) Total(b) Marginal
(c) Profit
(d) Average
(b) Relationship between revenue and cost
(c) Relationship between wages and interest d. None of the above
(d) None of this above
(a) In the long run, all the factors are fixed
(b) The LAC curve is called an envelope curve.
(c) LAC is equal to the long-run total cost
(d) LAC curve cannot be derived from short-run cost curves
4. Analyze the reason for the following
Assertion (A) : If AR remains constant MR is also constant.
Reason (R) : MR is the addition made to the TR by the sale of an additional unit of a commodity.
(a) Both (A) and (R) are true, (R) is the correct explanation of (A)
(b) Both (A) and (R) are true, (R) is not the correct explanation of (A)
(c) Both (A) and (R) are false.
(d) (A) is true (R) is false.
5. Fill in the blanks with the suitable option given below
Economics profit is ______
(a) TR – TC
(b) TC – TR
(c) AC – MC
(d) None
II ANSWER THE FOLLOWING QUESTIONS IN ONE OR TWO SENTENCES. (3x2=6)
Write Any 3 Questions:
1, Define cost.
2. What is the economic cost?
3. What are variable costs?
4. Define cost function?
III Short answer questions. (3 X 3 = 9)
WRITE ANY 3 QUESTIONS
1. State the differences between money cost and real cost.
IV. Long Answer question (1 x 5 = 5)
WRITE ANY ONE QUESTION
1. Discuss the short run cost curves with suitable diagram:
2. Bring out the relationship between AR and MR curves under various price conditions.