The production function can convey to a firm:

A. The cost of producing any given output

B. The various combinations of input that could be employed in production of any given quantity of output

C. The various combinations of input that should be used in producing any given quantity of output in an efficient manner

D. The maximum profit level of output

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

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  1. If the commodities X and Y are perfect complements then:
  2. The name of the system of direct exchange is:
  3. The main objective of the firm is to:
  4. Average cost curve contains in it:
  5. If two goods have same marginal utility for a consumer then:
  6. The Strategy of Economic Development is the work of:
  7. When total product increases at a decreasing rate:
  8. In perfectly competitive markets, the profit maximization rule can be represented by:
  9. In perfect cartel, the:
  10. Marginal revenue from a given output:
  11. Demand is elastic when the coefficient of elasticity is:
  12. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  13. If the commodity is normal then price effect is:
  14. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  15. The firm is said to be in equilibrium when the difference between revenue and cost is:
  16. The factors of production in perfect competition are:
  17. In 1890, Principles of Economics was written by:
  18. When total revenue is maximum in monopoly, elasticity of demand is:
  19. Any straight line supply which cuts the x-axis will have:
  20. In non-collusive oligopoly firms enter into:
  21. When there is decrease in demand the demand curve:
  22. The slope of indifference curve shows:
  23. In monopolistic competition, the cost curves of all firms are:
  24. One common definition of a luxury good is a good with income elasticity:
  25. If Marginal Utility (MU) is zero, then total utility is:
  26. In repeated game, the Prisoners Dillemma can have a:
  27. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  28. According to Saint Thomas Aquinas value is determined by God, but prices by:
  29. Which is the other name that is given to the average revenue curve?
  30. If by doubling all inputs in the long run output is less than double, it is a case of: