Nonlinearity and Cost Functions MCQs Quiz Online PDF Download

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MCQs on Nonlinearity and Cost FunctionsQuiz PDF Download

MCQ: Cost function, in which cost does not change with any change in level of activity is a part of

  1. step price functions
  2. step object functions
  3. step constant functions
  4. step cost functions

D

MCQ: Cost pattern, in which production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as

  1. continuously variable cost function
  2. fixed cost function
  3. mixed cost function
  4. semi variable cost function

A

MCQ: Cost function, in which graph of total cost would not result in straight line is classified as

  1. nonlinear cost function
  2. linear cost function
  3. linear price function
  4. nonlinear price function

A

MCQ: In step cost functions, cost is increased by

  1. discrete amounts
  2. same amounts
  3. linear amounts
  4. nonlinear amounts

A

MCQ: Within relevant range, cost function in which cost does not change in narrow ranges of activity is called

  1. fixed cost function
  2. variable cost function
  3. step variable cost function
  4. step fixed cost function

C