1. Vidwan Competition
  2. General Knowledge
  3. Economics
  4. Cost
Cost
 

1 Q.  

“Extra cost” are those cost-[S.S.C Matric level Exam, 2017 ]

  • Which are taken to give wages

  • Which are taken to Lucy raw material

  • Which are taken for transportation

  • Which are taken to Lucy machinery to fill depreciation

2 Q.  

Which cost has relation with lowest cost? [S.S.C (CGL) Exam, 2015]

  • Sunk cost

  • Opportunity cost

  • Variable cost

  • Fined cost

3 Q.  

Payment given to others by firms for using their goods and services are called.[S.S.C Steno Exam, 2018]

  • Actual cost

  • Economic cost

  • Explicit cost

  • Implicit cost

4 Q.  

The additional to total cost by producing an additional unit of output by a firm is called.[SSC 10+2 Exam, 2016]

  • Average cost

  • Marginal Cost

  • Total Cost

  • Variable Cost

5 Q.  

The non-expenditure costs which arise when producing firm itself and supplies contain factors of production are.[SSC 10+2 Exam, 2017]

  • Explicit Cost 

  • Original Cost

  • Implicit Cost

  • Replacement Cost
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