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In general, most of the production functions measure:

A. The productivity of factors of production

B. The relation between the factors of production

C. The economies of scale

D. The relations between change in physical inputs and physical output

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  1. In Bertrand model, the entry of new firms is:
  2. Cardinal approach includes arranging:
  3. Pure monopoly exists:
  4. When total revenue is maximum in monopoly, elasticity of demand is:
  5. Price effect occurs on the higher IC in case of:
  6. Theory of revealed preference is based on:
  7. Which cost increases continuously with the increase in production?
  8. In dominant price leadership model, the dominant firm set the:
  9. The effects according to which people use those goods which are concerned with distinctive standard…
  10. The cost of firms in cournot model are:
  11. Demand is elastic when the coefficient of elasticity is:
  12. The relationship between AC and MC curves depend upon the behavior of:
  13. Moving along the indifference curve leaves the consumer:
  14. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  15. The concept of product differentiation was firstly introduced by:
  16. If the increase in demand is more than the increase in supply, the price will:
  17. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  18. The demand curve slopes downwards due to:
  19. The production possibility curve (PPC) is concerned with:
  20. In market sharing cartel model, cartel determines the shares of:
  21. In second degree price discrimination, monopolist takes away :
  22. If there are many firms producing similar but differentiated products, the competition is generally…
  23. When a competitive firm is in equilibrium in the long-run, its output is such that:
  24. Contraction in demand occurs when:
  25. The feasible part of the demand curve for the monopolist who is charging high price will be:
  26. Under perfect competition, the average revenue, marginal revenue and price are shown:
  27. The production techniques are technically efficient:
  28. The external economies of scale experienced by a firm include the:
  29. Utility means:
  30. Under which of the following forms of the market structure does a firm have no control over the price…