CA CPT - Basics of General Economics - Cost and Revenue Concepts

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Question - 1

Cost Analysis is the study of behaviour of  .......... in relation to one or more production criteria

  • A Prices and Revenue
  • B Profits
  • C Costs
  • D Output Quantity

Question - 2

Cost Analysis is the study of behaviour of Cost, in relation to

  • A Selling Prices
  • B Profits
  • C Total Revenue
  • D One or more Production Criteria

Question - 3

For Cost Analysis purposes, the Production Criteria may be

  • A Quantity of output
  • B Scale of operations
  • C Prices of factors of production
  • D All of the above

Question - 4

For Cost Analysis purposes, the Production Criteria may be

  • A Prices of factors of production
  • B Quantity of output
  • C Either (a) or (b)
  • D Neither (a) nor (b)

Question - 5

Cost Analysis is concerned with ________ of production

  • A Financial aspects
  • B Physical aspects
  • C Either (a) or (b)
  • D Both (a) and (b)

Question - 6

Production Analysis is concerned with _________ of production.

  • A Financial aspects
  • B Physical aspects
  • C Either (a) or (b)
  • D Both (a) and (b)

Question - 7

Cost Function refers to the mathematical relationship between cost of a product and the various determinants of Cost. This statement is

  • A True
  • B False
  • C Partially True
  • D None of the above

Question - 8

A Cost Function deals with -

  • A Total Cost
  • B Cost per unit
  • C Either (a) or (b)
  • D Neither (a) nor (b)

Question - 9

In a Cost Function, the Total Cost or Cost per unit is a/an

  • A Dependent Variable
  • B Independent Variable
  • C Either (a) or (b)
  • D Neither (a) nor (b)

Question - 10

In a Cost Function, the Output Quantity is a/an

  • A Dependent Variable
  • B Independent Variable
  • C Either (a) or (b)
  • D Neither (a) nor (b)
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