List of top Economics Questions on Estimation and Costing

Marginal cost curve intersects average cost curve at ..........
Shape of Average Fixed Cost (AFC) curve is ..........
How does technological progress affect the firms' supply curve?
The difference between the revenue and cost is known as ...............
The change in total cost per unit of change in output is known as ............
The point on the supply curve at which a firm earns only normal profit is called ..........
Currency Depreciation leads to :
Opportunity cost refers to :
The total cost of manufacturer is C=5000+1000q-500q²+ 2q3/3.The value of q for which MC = AVC will be :-
A firm produces chair, table and cupboards, each require three types of raw materials - timber, nails and varnish. The units of different raw materials required for producing one units of each product is as under: Product Timber (c.ft) Chair Table 0.7 1 Nails (dozen) 2 Varnish (liters) 1 4 1.5 Cupboard 3.2 16 2 If the firm produces 300 units of each product, find the quantity of each raw material. (in c.ft., dozen, liter) respectively would be:
AB Ltd uses the following standard mix for production of 'A' goods. 50 kgs. of material X at standard price ₹.20, 20 kgs of material Y at standard price ₹ 40. The Actual mix was:
60 kgs of material X
10 kgs. of material Y
what will be material mix variance ?
Which type of costing technique is appropriate in the following situations:
When each work is Unique.
When each work is easily identifiable
when costs are assigned to, and Accumulated for each work.
The cost of second best alternative is known as:
The technique in which only variable costs are taken into Account for the purpose of product costing, inventory valuation and other allied important management decisions is known as :
Identify the odd one out from the following, with regards to 5C's of event management:
What does CPA stands for, in relation to consumerism?
If \(\frac{a_{LX}}{a_{LY}}\) and \(\frac{a^{r}_{LX}}{a^{r}_{LY}}\) are the opportunity costs of producing X in terms of Y in countries A and B, and \(\frac{p_X}{p_Y}\) is the international price ratio of X to Y. Both the Py countries will go for complete specialization when
Suppose z = f(x, y) is homogeneous of degree k. Which of the following statements is true?