NCERT Class 11 Chapter 3 Economics Production and Costs MCQ | Questions & Answers

NCERT Class 11 Chapter 3 Economics Production and Costs MCQ | Questions & Answers: Looking for an article that could help you take an online MCQ Quiz on NCERT Class 11 Chapter 3 Economics Production and Costs? Well, here is the perfect article that could help you with. Attempt the multiple choice questions and finally how well do you know about the Chapter 3 Economics Production and Costs concept.

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1. In production function, production is a function of:

2. The basic reason of operating the Law of Diminishing Returns is:

3. Which of the following explains the short-run production function ?

4. Long-run production function is related to:

5. In which stage of production a rational producer likes to operate in shot-run production ?

6. Law of variable proportion explains three stages of production. In the first stage of production:

7. At which time all the factors of production may be changed ?

8. Production function is expressed as

9. Which factors among following we find in short-run production process ?

10. The cycle which increases first and after being constant starts to reduce is called :