Home

Join Our Socials

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

What is the correct answer?

4

In case of straight-line isoquant, the factors are not substituted because they are each others:

A. Imperfect substitutes

B. Perfect substitutes

C. Complements

D. None of the above

Correct Answer :

B. Perfect substitutes


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 monopoly, the relationship between average revenue and marginal revenue… The slope of the iso-cost line (budget line) is determined by: Because the price elasticity of demand for OPEC oil is approximately .08,… Marginal utility equals: Increase in demand occurs when: The main contribution of Adam Smith is in the field of: If the commodity is inferior then Income Effect (I.E) is: The law of demand is most directly a result of: When the output of a firm is increasing, its average fixed cost: For a few products such as insulin for diabetics,: Firms average and marginal revenues are equal under: The demand curve slopes downwards due to: With elasticity of demand, the: The budget line is described by each of the following except: General Equilibrium deals with the equilibrium of the: In the case where two commodities are good substitutes then cross elasticity… Opportunity costs are also known as: All of the following are capital resources except: If the commodity is inferior then: Which of the following is the work of A.C.Pigou? Each SAC represents a particular level of: The average fixed cost (AFC) curve is asymptote to: The alternative of profit maximization theory is: Total costs in the short-term (short-run) are classified into fixed costs… In monopolistic competition, the firms follow: Variable cost includes the cost of: Classical production function is: The pay-off matrix shows: One way the government can induce a monopolist to expand his output is… Decrease in demand results in:

Also checkout

Concrete Technology and Design MCQ Electric Current MCQ Stocks and Shares MCQ Direct and Indirect Speech MCQ Biological Classification MCQ Optics MCQ U.S. Government and Politics MCQ Urology Basic Science MCQ Periodic Classification of Elements MCQ Digestive System MCQ Motion MCQ Bio-Chemistry MCQ