11th Grade > Economics - 1
PRODUCER BEHAVIOUR MCQs
Total Questions : 29
| Page 3 of 3 pages
Answer: Option C. -> marginal product is at a maximum
:
C
The point of inflection on the total product curve corresponds to the level of output wheremarginal product is at a maximum.
:
C
The point of inflection on the total product curve corresponds to the level of output wheremarginal product is at a maximum.
Answer: Option D. -> Entrepreneur
:
D
Entrepreneurtakes risk, innovates,and coordinates.
:
D
Entrepreneurtakes risk, innovates,and coordinates.
Answer: Option A. -> True.
:
A
True.Constant returns to scale (CRS) is a property of production function that holds when a proportional increase in all inputs results in an increase in output by the same proportion.
:
A
True.Constant returns to scale (CRS) is a property of production function that holds when a proportional increase in all inputs results in an increase in output by the same proportion.
Answer: Option A. -> Factor of production
:
A
Land is one among the four factors of production- land, labour, capital and orgranisation.
:
A
Land is one among the four factors of production- land, labour, capital and orgranisation.
Answer: Option B. -> Human skills are a labour input
:
B
Human skills are a labour input.
:
B
Human skills are a labour input.
Answer: Option D. -> Output
:
D
Economic goods produced by firms are called output.
:
D
Economic goods produced by firms are called output.
Answer: Option D. -> (a) and (b) of above
:
D
Land is a free gift of nature and alcks geographical mobility.
:
D
Land is a free gift of nature and alcks geographical mobility.
Answer: Option B. -> Intensive cultivation
:
B
Productivity of land can be raised by intensive cultivation.
:
B
Productivity of land can be raised by intensive cultivation.
Answer: Option D. -> Production
:
D
Production is a process, not an input.
:
D
Production is a process, not an input.
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