In short-term production function (a) every factor is constant (b) e – InterviewSolution

InterviewSolution

1.	In short-term production function (a) every factor is constant (b) every factor is varied (c) some are constant and some are varied (d) None of these
Answer» (c) some are constant and some are varied

Discussion

No Comment Found

Related InterviewSolutions

The word “Function” is derived from- (a) sociology (b) maths (c) physics (d) none of these
Define Law of Diminishing Returns.
What is the concept of Product?
Identify the different phases of the Law of Variable Proportions from the following schedule. Give reasons for your answer.Variable Inputs (Units)Total Physical Product (Units)1429313415512
Define Production Function.
State the definition of production function and also state its characterstics.
Is means of long-term production function, highlighted with a straight line in the formula?
While expressing the production function in the form of formula, the symbols of which means of production in the-short term are highlighted with a line drawn above them?
Why are the law of returns variable proportions and law of diminishing marginal production considered the same?
State the difference between Returns to Scale and Returns to outlays.