Tag: production function
Questions Related to production function
In the long run _________.
Which of the following is an assumption in the Law of Variable Proportions?
Law of Returns to Scale indicates the responsiveness of total product when all inputs ________________.
In a small scale rubber plant, factors of production like labour, material and capital are increased by 10% and output increases. It implies that the Firm is experiencing ________.
A short-run production function is one which has ___________.
A firm can quit the industry in the short run.
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