Home

Join Our Socials

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

What is the correct answer?

4

The economic problem of determining the combination of inputs yielding lowest cost for producing a given output:

A. Is only a choice among the technologically efficient combination

B. Depends on the relative price of inputs

C. Depends on the price of the product

D. Depends on the profits made

Correct Answer :

B. Depends on the relative price of inputs


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

Indifference curves reflect: Nash equilibrium is applicable in case of: According to classical approach, utility can be: An inferior commodity is one whose quantity demand decreases when income… Excess capacity is not found under: An increase in the supply of a commodity is caused by: A market demand curve presumes that: If the price of product A decreases and in the result the demand for product… In cournot model, during the process of adjustment, the number of firms: In collusive olligopoly, the firms may make: In monopolistic competition, the cost curves of all firms are: A demand schedule is shown as: Who is the author of the famous work Asian Drama: An Enquiry intro the… In sweezy model (kinked demand curve model), the role of MC curve: In a socialist (communist) economy the invisible hand: If a good is an inferior good then an increase in incomes of the consumers… When at a given price, the quantity supplied of a commodity is more than… Which cost increases continuously with the increase in production? 7.In an economy based on the price system the decision on what shall be… If the commodity is normal then the Income Effect (I.E) and the Substitution… The marginal revenue of a perfectly competitive firm is: The behavior of MC curve is determined by the behavior of the: Under competitive conditions, the industry will be in equilibrium: A producer attains the least cost combination when the relation between… With the change in the factor prices, the slope of the expansion path… Who first used the term Quasi-Rent? For a commodity giving large consumers surplus, the demand will be: The study of economics just in theoretical way is called: In context of oligopoly, the kinky demand curve (kinked demand curve)… In monopolistic competition, the firm take advantage due to customers:

Also checkout

Races and Games MCQ Middle English Literature MCQ Windows 2000 Server MCQ Planet Kingdom MCQ Neurology MCQ Ethers MCQ Kinetic Theory of Gases MCQ Co-Ordination Compound MCQ Chinese Language and Culture MCQ Softwares MCQ Transformation of Sentences MCQ Rearrangement Set 15 MCQ