Practice Worksheets for Class 11 Economics: Part A Microeconomics Chapter 03 Production and Costs
Review targeted practice sets for Class 11 Economics Part A Microeconomics Chapter 03 Production and Costs. Built according to official educational guidelines for the 2026-27 academic year, these downloadable worksheets support daily revision and core concept reinforcement.
Practice Part A Microeconomics Chapter 03 Production and Costs Worksheets for Class 11 Economics
Navigate directly to the printable exercises for Part A Microeconomics Chapter 03 Production and Costs using the digital viewer below. Each practice set allows students to isolate specific topics for thorough review and uninterrupted practice alongside standard textbooks.
PRODUCTION AND COST
I. Answer in one sentence each
1. Define production function.
2. What is an isoquant?
3. What can you say about MP when total product is constant?
4. The area under MC at a given point of output is:
a. Total Cost b. Total Variable Cost c. Total Fixed Cost
d. Average Total Cost
5. What can you say about Short Run Average cost when MC intersects and equal to that?
II. Answer in around 60 words each
6. How does short run cost analysis differ from long run cost analysis?
7. What are the causes behind the law of diminishing returns to a factor?
8. Calculate TP and MP for the following
Units of output: 1 2 3 4 5 6
Marginal Product: 6 10 14 10 6 2
9. Why is Long run Average Cost ‘U’ shaped? 3
10. What is the shape of AFC? Why is it so?
III. Answer in around 75 words each
11. With the help of a diagram explain the relation between AVC,MC and SAC
12. Using suitable diagram distinguish between TVC and TFC
13. Can the TFC influence the MC? Explain.
14. Distinguish between Total Cost and Total Variable Cost
15. Complete the following table
Output Total Cost Average Variable Cost Marginal Cost
0 24
1 44 ---------- -----
2 ------ 15 -----
3 ------ ----------- 15
4 88 ----------- ------
Answer in around 100 words each
16. Using a suitable diagram explain the relationship between TP and MP in its three stages of law of variable proportion
17. Distinguish between Short Run Production function and Long run production function using numerical illustration.
18. Following information is given about a firm
Output 0 1 2 3 4 5 6
Total costs 500 600 680 740 840 1000 1260
Find out:
i. Average variable cost of producing 5 units
ii. The average fixed cost of producing 4 units
iii. The least cost level of output
iv. Marginal cost when third unit is produced
v. Total variable cost of producing 6 units
vi. Average cost at 5th unit of output
Please click on below link to download CBSE Class 11 Economics Production And Cost Worksheet
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Download CBSE Practice Material: Class 11 Economics Part A Microeconomics Chapter 03 Production and Costs
CBSE Practice Material: Class 11 Economics Part A Microeconomics Chapter 03 Production and Costs
Review targeted practice exercises for Class 11 Economics Part A Microeconomics Chapter 03 Production and Costs. Curated to match official CBSE guidelines, these downloadable PDF sheets support daily revision and core concept reinforcement.
NCERT-Aligned Questions and Solutions
Built using the official NCERT book for Class 11 Economics, these practice materials provide reliable academic guidance. Pair your practice with our recommended NCERT solutions to master optimal problem-solving approaches.
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FAQs
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