Assertion Reason MCQs of Production Function Microeconomics class 11 CBSE
Looking for important Assertion Reason MCQs of Production Function chapter with answers and explanation of Microeconomics class 11 CBSE, ISC, and other state Board.
Assertion Reason Multiple Choice Questions of Production Function chapter with answers class 11 CBSE
Let’s Practice
Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assert (A): Variable Factors can be changed in the short run.
Reason (R): Variable Factors are not required in case of Zero output.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct
explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct
explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – b)
Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): A rational producer always seeks to operate in Phase II of Law of Variable Proportions.
Reason (R): In Phase II of Law of Variable Proportions, Marginal Product is negative
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct
explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct
explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – b)
Read the following statements: Assertion (A) and Reason (R), Choose one of the correct alternatives given below:
Assertion (A): The production function established a relation between inputs and output, which is economical in nature.
Reason (R): The production function specifies either the maximum output that can be produced with the given inputs or the minimum quantity of inputs needed to produce a given level of output.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct
explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct
explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – c)
Read the following statements: Assertion (A) and Reason (R), Choose one of the correct alternatives given below:
Assertion (A): Production function establishes a relation between inputs and output, which is economicsl in nature.
Reason (R): Production function specifies eithe the maximum output than can be produced with the given inputs or the minimum quantity of inputs needed to produce a given level of output.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct
explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct
explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – d)
Read the following statements: Assertion (A) and Reason (R), Choose one of the correct alternatives given below:
Assertion (A): In the long run, production is done only by using the variable factors.
Reason (R): All factors are variable in the long run.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct
explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct
explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – a)
Read the following statements: Assertion (A) and Reason (R), Choose one of the correct alternatives given below:
Assertion (A): Marginal Product (MP) cuts Average Product (AP from its top.
Reason (R): When AP rises, MP is more than AP and when AP falls, MP is less than AP.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct
explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct
explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
Ans – a)
