EASY
CA Foundation
IMPORTANT
Earn 100
Which one of the following is the assumption underlying any production function?
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Important Questions on Theory of Production and Cost
EASY
CA Foundation
IMPORTANT
A fixed input is defined as
EASY
CA Foundation
IMPORTANT
Suppose the first four units of a variable input generate corresponding total outputs of . The marginal product of the third unit of input is:
EASY
CA Foundation
IMPORTANT
Identify the correct statement:
EASY
CA Foundation
IMPORTANT
Isoquants are negatively sloped _____ to the origin due to _____ Marginal Rate of technical substitution
EASY
CA Foundation
IMPORTANT
Economic costs of production differ from accounting costs of production because
EASY
CA Foundation
IMPORTANT
Accounting Costs are also called as _____ costs whereas the cost of factors owned by the entrepreneur himself and employed in his own business is called as _____ costs.
MEDIUM
CA Foundation
IMPORTANT
In the production of wheat, all of the following are variable factors that are used by the farmer except:
EASY
CA Foundation
IMPORTANT
Which of the following is an example of "explicit cost"?
