As per law of variable proportion, which of the following may become negative-
Correct
Incorrect
Question 2 of 25
2. Question
1 points
Category: Business Economics
The marginal, average, and total product curves encountered by the firm producing in the short run exhibit all of the following relationships except__________
Correct
Incorrect
Question 3 of 25
3. Question
1 points
Category: Business Economics
“Law of Returns to Scale” is a________concept.
Correct
Incorrect
Question 4 of 25
4. Question
1 points
Category: Business Economics
Proportionate increase in all factors of production results in a more than proportionate increase in output is a case of-
Correct
Incorrect
Question 5 of 25
5. Question
1 points
Category: Business Economics
Which of the following is not an assumption of the law of variable proportions?
Correct
Incorrect
Question 6 of 25
6. Question
1 points
Category: Business Economics
When inputs are increased in a given proportion and output increases in the same proportion it is a case of-
Correct
Incorrect
Question 7 of 25
7. Question
1 points
Category: Business Economics
Diminishing returns occur: ………
Correct
Incorrect
Question 8 of 25
8. Question
1 points
Category: Business Economics
If a proportionate increase in all inputs results in less than proportionate increase in output, it is a case of-
Correct
Incorrect
Question 9 of 25
9. Question
1 points
Category: Business Economics
If increase returns to scale are present, then if all inputs are increased by 10% then: ……..
Correct
Incorrect
Question 10 of 25
10. Question
1 points
Category: Business Economics
Marginal product, mathematically, is the slope of the
Correct
Incorrect
Question 11 of 25
11. Question
1 points
Category: Business Economics
If decreasing returns to scale are present, than if all inputs are increased by 10% then: ………
Correct
Incorrect
Question 12 of 25
12. Question
1 points
Category: Business Economics
The law of variable proportions is drawn under all of the assumptions mentioned below except the assumption that
Correct
Incorrect
Question 13 of 25
13. Question
1 points
Category: Business Economics
If constant returns to scale are present, then if all inputs are increased by 10% then: ………..
Correct
Incorrect
Question 14 of 25
14. Question
1 points
Category: Business Economics
In describing a given production technology, the short run is best described as lasting________
Correct
Incorrect
Question 15 of 25
15. Question
1 points
Category: Business Economics
Diminishing marginal returns for the first four units of a variable input is exhibited by the total product sequence:
Correct
Incorrect
Question 16 of 25
16. Question
1 points
Category: Business Economics
Suppose the first fours units of a variable input generate corresponding total outputs of 200, 350, 450, 500. The marginal product of the third unit of input is:
Correct
Incorrect
Question 17 of 25
17. Question
1 points
Category: Business Economics
Which is a true statement?
Correct
Incorrect
Question 18 of 25
18. Question
1 points
Category: Business Economics
The marginal product of a variable input is best described as-
Correct
Incorrect
Question 19 of 25
19. Question
1 points
Category: Business Economics
If Marginal product is equal to average product, then
Correct
Incorrect
Question 20 of 25
20. Question
1 points
Category: Business Economics
In the third of the three stages of production
Correct
Incorrect
Question 21 of 25
21. Question
1 points
Category: Business Economics
Which of the following statement is true?
Correct
Incorrect
Question 22 of 25
22. Question
1 points
Category: Business Economics
Total Fixed Cost Curve (TFC) is-
Correct
Incorrect
Question 23 of 25
23. Question
1 points
Category: Business Economics
_______are those cost which do not change with change in output.
Correct
Incorrect
Question 24 of 25
24. Question
1 points
Category: Business Economics
__________are those cost which changes in same proportion with change in output.
Correct
Incorrect
Question 25 of 25
25. Question
1 points
Category: Business Economics
Which of the following is a variable cost in the short run?
Correct
Incorrect
Ekvij provides MCQ Tests For CA,CMA and CS examinations