Production and Cost
Quiz Summary
0 of 8 Questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 8 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
| Pos. | Name | Entered on | Points | Result |
|---|---|---|---|---|
| Table is loading | ||||
| No data available | ||||
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- Current
- Review / Skip
- Answered
- Correct
- Incorrect
-
Question 1 of 8
1. Question
How is Total Physical Product derived from Marginal Physical Product?
CorrectIncorrect -
Question 2 of 8
2. Question
Production function shows a technical relationship between physical input and output of a commodity. Which of the following best conveys this?
CorrectIncorrect -
Question 3 of 8
3. Question
The shape of the Total Physical Product short run is
CorrectIncorrect -
Question 4 of 8
4. Question
In the short run Total Product Price changes with the change in which of the following factors :
CorrectIncorrect -
Question 5 of 8
5. Question
Consider the following statements with reference to factors of production.
1. In the short run, at least one of the factor – labour or capital remains fixed.
2. In the long run, all factors of production can be varied.
The correct statement(s) is/are:CorrectIncorrect -
Question 6 of 8
6. Question
When a proportional increase in all inputs results in an increase in output by the same proportion, the production function is said to display
CorrectIncorrect -
Question 7 of 8
7. Question
Consider the following statements:
1. Total cost is the sum of total variable cost and the total fixed cost.
2. Average cost is the sum of average variable cost and average fixed cost.
The correct statement(s) is/are:CorrectIncorrect -
Question 8 of 8
8. Question
The production function of a firm is a relationship between :
CorrectIncorrect