Home

A significant property of the Cobb-Douglas production function is that the elasticity of substitution between inputs is:

A. Greater than one

B. Less than one

C. Zero

D. Equal to one

Correct Answer : D.


Download Objective type questions of Basics of Economics PDF

Visit our PDF store

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Inequalities MCQ Machine Input Mi-set 2 MCQ Alligation or Mixture MCQ Series MCQ Current Affairs June 2017 MCQ Zoology MCQ Excretory System MCQ DBMS MCQ Solids, Liquides, Gases MCQ Classifications of Animal Kindom MCQ Engineering Materials MCQ Hydraulics & Fluid Machineries MCQ

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

Submit
Load More..
You can do it
  1. If two goods are perfect substitutes then IC will be:
  2. The fundamental choices that a society must make about the use of its resources include:
  3. The concept of product differentiation was firstly introduced by:
  4. Each short run average cost curve:
  5. In cournot model, firms make decisions separately regarding:
  6. Production is a function of:
  7. Contracts made by firms in cooperative games are:
  8. In terms of price, the indirect utility function may be:
  9. In short-run, in monopolistic competition, a firm earns:
  10. Which one of the following has been the most influential work of F.H.Knight?
  11. Robbins definition of economics was criticised by:
  12. In case of perfect competition, TR curve rises at a:
  13. In dominant price leadership model, the small firms are like:
  14. The long run average cost curve is:
  15. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  16. In the range of excess capacity, the average costs are:
  17. On an indifference map higher indifference curves show:
  18. Marginal Utility (MU) curve is always:
  19. To calculate the elasticity of demand, which of the following formula is used?:
  20. In centralized cartel, the firms are like:
  21. The equilibrium of a firm is determined by the equality of MC and MR in only:
  22. Marshallian approach is also known as:
  23. The optimal strategy for a player is termed as:
  24. If a good is an inferior good then an increase in incomes of the consumers will:
  25. Total costs are:
  26. The concept of industry in monopolistic competition has been replaced by:
  27. If the production increases under decreasing returns to scale, the cost will:
  28. Which of the following pairs of commodities is an example of substitutes?
  29. Utility means:
  30. Law of Substitution in production was presented by: