Matching Type MCQs of Cost Microeconomics class 11
Looking for important matching type MCQs of Cost chapter with answers of Microeconomics class 11 CBSE, ISC, and state Board.
Q.1 From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column – I | Column – II |
| A) Total Variable Cost | i) Horizontal Straight line parallel to the X-axis |
| B) Average Fixed Cost | ii) Rectangular Hyperbola |
| C) Total Fixed Cost | iii) Inversely S-shaped Curve |
| D) Average Variable Cost | iv) Inversely U-shaped Curve |
Options
a) A – i
b) B – ii
c) C – iii
d) D – iv
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Marginal Cost | A – TCn – TCn – 1 |
| B – TCn – TCn – 1 |
Options
a) i – A
b) i – B
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Total Variable Cost | A – It can not be changed in the short run |
| ii) Total Fixed Cost | B – It can be changed in the short run |
Options
a) i – A, ii – B
b) i – B, ii – A
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Explicit Cost | A – Supplementary Cost |
| ii) Cost Function | B – ∆TC/∆Q |
| iii) MC | C – Wages paid to the employees |
| iv) Fixed Cost | D – Functional relationship between cost and output |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – B, ii – A, iii – D, iv – C
c) i – C, ii – D, iii – B, iv – A
d) i – D, ii – B, iii – C, iv – A
Ans – c)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Variable Cost | A – Cost of self supplied factors |
| ii) TC | B – Rectangular Hyperbola |
| iii) Implicit Cost | C – Horizontal straight line parallel to X – axis |
| iv) AFC Curve | D – Prime Cost |
| v) TFC Curve | E – AC × Q |
Options
a) i – A, ii – B, iii – C, iv – D, V – E
b) i – D, ii – E, iii – A, iv – B, V – C
c) i – C, ii – B, iii – A, iv – D, V – E
d) i – B, ii – A, iii – C, iv – E, V – D
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) TFC | A – TVCn + TVCn-1 |
| ii) MC | B – TC – TVC |
| C – TVC – TC | |
| D – TVC + TC | |
| E – TVCn – TVCn + 1 | |
| F – TVCn – TVCn – 1 |
Options
a) i – A, ii – B
b) i – C, ii – D
c) i – E, ii – F
d) i – B, ii – F
Ans – d
