Tamil Nadu Board of Secondary EducationHSC Arts Class 11

# Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 4 - Cost and Revenue Analysis [Latest edition]

## Solutions for Chapter 4: Cost and Revenue Analysis

Below listed, you can find solutions for Chapter 4 of Tamil Nadu Board of Secondary Education Tamil Nadu Board Samacheer Kalvi for Class 11th Economics Answers Guide.

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D
Model Questions - Part A [Pages 95 - 96]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 4 Cost and Revenue Analysis Model Questions - Part A [Pages 95 - 96]

#### Multiple Choice Questions

Model Questions - Part A | Q 1 | Page 95

Cost refers to ______.

• price

• value

• fixed cost

• cost of production

Model Questions - Part A | Q 2 | Page 95

Cost functions are also known as ______ function.

• production

• investment

• demand

• consumption

Model Questions - Part A | Q 3 | Page 95

Money cost is also known as ______ cost.

• explicit

• implicit

• social

• real

Model Questions - Part A | Q 4 | Page 95

Explicit cost plus implicit cost denote _______ cost.

• social

• economic

• money

• fixed

Model Questions - Part A | Q 5 | Page 95

Explicit costs are termed as

• out of pocket expenses

• real cost

• social cost

• sunk cost

Model Questions - Part A | Q 6 | Page 95

The costs of self–owned resources are termed as ________ cost.

• real

• explicit

• money

• implicit

Model Questions - Part A | Q 7 | Page 95

The cost that remains constant at all levels of output is _____ cost.

• fixed

• variable

• real

• social

Model Questions - Part A | Q 8 | Page 95

Identify the formula of estimating average variable cost.

• TC/Q

• TVC/Q

• TFC/Q

• TAC/Q

Model Questions - Part A | Q 9 | Page 95

The cost incurred by producing one more unit of output is ______ cost.

• variable

• fixed

• marginal

• total

Model Questions - Part A | Q 10 | Page 95

The cost that varies with the level of output is termed as _______ cost.

• money

• variable cost

• total cost

• fixed cost

Model Questions - Part A | Q 11 | Page 96

Wage is an example for ________ cost of the production.

• fixed

• variable

• marginal

• opportunity

Model Questions - Part A | Q 12 | Page 96

The cost per unit of output is denoted by _________ cost.

• average

• marginal

• variable

• total

Model Questions - Part A | Q 13 | Page 96

Identify the formula of estimating average cost.

• AVC/Q

• TC/Q

• TVC/Q

• AFC/Q

Model Questions - Part A | Q 14 | Page 96

Find total cost where TFC=I00 and TVC = 125.

• 125

• 175

• 225

• 325

Model Questions - Part A | Q 15 | Page 96

Long-run average cost curve is also called as _____ curve.

• demand

• planning

• production

• sales

Model Questions - Part A | Q 16 | Page 96

Revenue received from the sale of products is known as _______ revenue.

• profit

• total revenue

• average

• marginal

Model Questions - Part A | Q 17 | Page 96

Revenue received from the sale of additional unit is termed as ________ revenue.

• profit

• average

• marginal

• total

Model Questions - Part A | Q 18 | Page 96

• total sales

• total revenue

• total production

• total cost

Model Questions - Part A | Q 19 | Page 96

When price remains constant, AR will be ________ MR.

• equal to

• greater than

• less than

• not related to

Model Questions - Part A | Q 20 | Page 96

A book seller sold 40 books with the price of ₹10 each. The total revenue of the seller is ₹ ______.

• 100

• 200

• 300

• 400

Model Questions - Part B [Page 97]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 4 Cost and Revenue Analysis Model Questions - Part B [Page 97]

#### Answer the following questions in one or two sentences

Model Questions - Part B | Q 21 | Page 97

Define cost.

Model Questions - Part B | Q 22 | Page 97

Define cost function.

Model Questions - Part B | Q 23 | Page 97

What do you mean by fixed cost?

Model Questions - Part B | Q 24 | Page 97

Define Revenue.

Model Questions - Part B | Q 25 | Page 97

Explicit Cost - Define.

Model Questions - Part B | Q 26 | Page 97

Give the definition for ‘Real Cost’.

Model Questions - Part B | Q 27 | Page 97

What is meant by Sunk cost?

Model Questions - Part C [Page 97]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 4 Cost and Revenue Analysis Model Questions - Part C [Page 97]

#### Answer the following questions in one paragraph

Model Questions - Part C | Q 28 | Page 97

Distinguish between fixed cost and variable cost.

Model Questions - Part C | Q 29 | Page 97

State the differences between money cost and real cost.

Model Questions - Part C | Q 30 | Page 97

Distinguish between explicit cost and implicit cost.

Model Questions - Part C | Q 31 | Page 97

Define opportunity cost and provide an example.

Model Questions - Part C | Q 32 | Page 97

State the relationship between AC and MC.

Model Questions - Part C | Q 33 | Page 97

Write a short note on Marginal Revenue.

Model Questions - Part C | Q 34 | Page 97

Discuss the Long run cost curves with suitable diagram.

Model Questions - Part D [Page 97]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 4 Cost and Revenue Analysis Model Questions - Part D [Page 97]

Model Questions - Part D | Q 35 | Page 97

If total cost = 10+Q3, find out AC, AVC, TFC, AFC when Q=5.

Model Questions - Part D | Q 36 | Page 97

Discuss the short-run cost curves with suitable diagram.

Model Questions - Part D | Q 37 | Page 97

Bring out the relationship between AR and MR curves under various price conditions.

## Solutions for Chapter 4: Cost and Revenue Analysis

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D

## Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 4 - Cost and Revenue Analysis

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Concepts covered in Class 11th Economics Answers Guide chapter 4 Cost and Revenue Analysis are Introduction to Cost and Revenue Analysis, Cost Concepts, Short Run Cost Curves, Long Run Cost Curves.

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