Home

The line from the origin to a point on an isoquant shows:

A. The wages employment ratio

B. The capital rent ratio

C. The rent labor ratio

D. The capital labor ratio

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

Phylum - Annelida MCQ Endocrine System MCQ Biological Classification MCQ English Grammer MCQ Chemical Bonding and Molecular Structure MCQ Chemical Engineering Basics MCQ Auto CAD 2D MCQ Asp Programming MCQ Nature and Scope of Biology MCQ Permutation MCQ Visual Basic .NET MCQ Rearrangement Set 6 MCQ

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

Submit
Load More..
You can do it
  1. Which of the following is not characteristic of perfect competition?
  2. At the shut-down point in perfect competition:
  3. The relationship between price effect, income effect and substitution effect is:
  4. Marginal cost is always:
  5. The law of variable proportions comes into being when:
  6. The average fixed cost (AFC) curve is asymptote to:
  7. Production function shows:
  8. The marginal revenue of a perfectly competitive firm is:
  9. Implicit costs are the costs:
  10. Under monopolistic competition, the firms compete alongwith:
  11. Market allocation fundamentally relies upon:
  12. After reaching the saturation point consumption of additional units of the commodity cause:
  13. Income-elasticity of demand is expressed as:
  14. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  15. Because of selling costs, the demand curve of a firm shifts:
  16. The Law of Equi-Marginal Utility states:
  17. Substitution effect means a consumer
  18. If the prices of goods rise then:
  19. Labor theory was firstly rejected by:
  20. The game theory was basically presented by:
  21. In substitution effect and income effect:
  22. A high value of cross-elasticity indicates that the two commodities are:
  23. The marginal revenues are derivatives of:
  24. The word ECONOMICS is derived from the Greek terms meanings:
  25. In which case the elasticity shown by the different points of a curve is the same?
  26. In sweezy model (kinked demand curve model), the role of MC curve:
  27. If the supply curve is not a straight line but curvilinear, the elasticity on all points of the supply…
  28. Change in demand refers to:
  29. All of the following curves are U-Shaped except:
  30. The slope of budget line shows the price ratios of: