Home

Join Our Socials

Telegram Group
Join Community
Twitter Group
Pinterest Group
Facebook Group
Subscribe YouTube

What is the correct answer?

4

A firm can never produce in the middle area of input space, in case of:

A. Concave isoquant

B. Convex isoquant

C. Constant isoquant

D. None of the above

Correct Answer :

A. Concave isoquant


Share this question with your friends
Show all Basics of Economics MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..

Related Questions

In a socialist (communist) economy the invisible hand: An inferior commodity is one whose quantity demand decreases when income… The Purchasing Power Parity (PPP) Theory is presented by: Marginal cost is always: If a straight line supply curve makes an intercept on the Y-axis, elasticity… The cost that a firm incurs in purchasing or hiring any factor of production… In case of monopoly, both AR and MR fall, but MR falls: The budget constraint can be written as: Which is the other name that is given to the average revenue curve? Economics is a: Each firm in cournot model starts selling: Efficient allocation of resources is likely to be achieved under: In a competitive market, price is determined primarily by: When the slope of a demand curve is infinite (also known as horizontal… Any expansion in output by a firm in the short period will always reduce… With firms having cost differences under perfect competition, a firm,… Efficient allocation of resources is achieved to a greater extent under: A monopolist will fix the equilibrium output of his product where the… In monopolistic competition, the real differentiation in products is due… The equilibrium of a firm is determined by the equality of MC and MR in… Law of Returns to Scale shows: The low cost price leader will charge: In case of monopoly: Rational economic behavior on the part of the consumer means that he will: From the resource allocation view point, perfect competition is preferable… If the consumers expect that the price of computers will decrease in next… An iso-product (an isoquant) curve slopes: In real life, brand loyalty is a barrier to: In monopolistic competition, the customers are attached with one product… In economic term water is a:

Also checkout

Logarithm MCQ Direction MCQ Boats and Streams MCQ PageMaker MCQ Male reproduction and infertility MCQ Urothelial tumors of the upper & lower urinary tracts MCQ Word Power MCQ Endocrine System MCQ AP Calculus BC MCQ Indian History MCQ Races and Games MCQ Visual Basic .NET MCQ