Theory of Production and Cost-Test 2

The function of an entrepreneur is ———-

Which of the following is not a characteristics of Land?

A production function is defined as the relationship between —————-

Production activity in the short period is analysed with the help of ————-

Which of the following the reason of the working of law of increasing returns?

External economies can be achieved through ————-

Innovation theory of entrepreneurship is propounded by ———–

Production function is ————–

The concept of returns to scale is related with ————

In Cobb-Douglas production function, two inputs are —————

Which of the following is not a characteristic of Land?

An entrepreneur undertakes which one of the following functions?

With a view to increase his production, Hariharan a manufacturer of shoes, Increases all the factors of production in his unit by 100%.But at the end of the year,he finds that instead of an increase of 100%, his production has increased by only 80%. Which law of returns to scale is operating in this case?

Which of the following statement is true in relation to an ISO -Quant curve ?

Production is defined as ————–

Long period production function is related to ————

ISO quants are also known as ———–

Human capital refers to ————–

The Law of variable proportions is associated with —————-

Which one of the following statements is not correct?

Which of the following is not a characteristic of Labour?

Which among the following is not a characteristic of Land?

When average product rises as a result of an increase in the quantity of variable factor, marginal product is —————

Suppose the first four units of a variable input generate corresponding total output of 150, 200,350,550. What will be the marginal product of the third unit of input?

The famous Cobb-Douglas production function is based on studies of ———— industries in the United states of America.

In Economics, entire process of ————- is nothing but creation of utilities in the form of good and services.

A=0.60, B=0.40, production function is Cobb Douglas .Find out value of 

At what point is the MP max

First stage of Law of variable proportion ranges from origin till the point where ——–

A rational producer will operate in which stage of Law of variable proportion?