Home

Join Our Socials

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

What is the correct answer?

4

If the production function is homogeneous, the expansion path will be a straight line through the origin whose slope determines the optimal:

A. L/K ratio

B. K/L ratio

C. P/L ratio

D. P/K ratio

Correct Answer :

B. K/L ratio


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

Identify the factor, which generally keeps the price elasticity of demand… The Law of Equi-Marginal Utility refers to: Marginal utility equals: Elasticity of Substitution (s) is defined as: Under monopolistic competition, the products sold by the firms are: A dominant strategy can best be described as: Contracts made by firms in cooperative games are: Each SAC represents a particular level of: The word ECONOMICS is derived from the Greek terms meanings: Chamberline introduces the concept of: The number of sellers in oligopoly are: The normal long-run average cost curve is influenced by the: Change in demand (rise and fall of demand) is: Using total revenue and total cost, a profit maximizing firm will be equilibrium… The greater the percentage of income spent on a commodity: When the output of a firm is increasing, its average fixed cost: The market demand for any commodity is the: We get constant returns to scale when: The firm is at equilibrium where: Under conditions of perfect competition, price in the long-run is equal… Cardinal approach includes arranging: A normal profit is: In price leadership, like leader, the follower firm may: Kinked Demand Curve is consistent with which one of the following market… When in a market, the number of buyers is very large and the number of… In monopolistic competition, the aim of the firm is to: Economics is a: When total revenues equal to total opportunity cost then the firm will… Under price discrimination, the buyers must: At the point where a straight line demand curve meets the quantity axis…

Also checkout

Property of Material MCQ Internal Combustion MCQ Boats and Streams MCQ Line Graph MCQ Morphology of flowering plants MCQ Chain Rule MCQ Current Affairs September 2022 MCQ Races and Games MCQ Alkyl and Aryl Halides MCQ Nuclear Physics MCQ Partnership MCQ Time and Distance MCQ