Economics MCQ Quiz Hub

Economics Production and Production Function

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1. Labour is hirable but you cannot hire:




2. The three broad types of productive resources are:




3. Land means:




4. Economic development of a country requires:




5. Productivity of land can be raised by:




6. Land :




7. Which of the following is NOT and input:




8. Which of the following input factor takes risk innovtes and coordinates:




9. Which of the following is correct with respect to resources:




10. The transformation of resources into economic goods and series is called:




11. Economic goods produced by firms are called:




12. Land is:




13. Geographical mobility is not possible for:




14. The following is NOT a factor of production:




15. Which of the following factors takes risk innovates and coordinates:




16. The transformation of resources into economic goods and services is:




17. For production of goods we need factors:




18. Standard of living of a country can be raised if it increases:




19. Productivity of land can be raised by:




20. Natural environment that can be used for the production of goods and services is:




21. An example of natural resources is:




22. In Monopoly at various output levels:




23. Excise tax is a part of:




24. The shape of rectangular hyperbola is made by:




25. As output increases:




26. Unit cost is another name for:




27. All inputs can be varied:




28. Which statement is true:




29. Which is NOT a cause of shift in cost curves of a firm:




30. MC is given by:




31. TC




32. TVC




33. TC




34. All the following are U-shaped Except:




35. The cost which a firm incurs for purchasing or hiring factors is called:




36. The short run:




37. The long run is a:




38. As output increases AC curve: