Theory of Production

Production is a process transformation between ....................................

Pengeluaran adalah satu proses transformasi di antara ....................................

• Input and cost

• Outputs and cost

• Products and cost

• Input and Output

Which of the following is NOT considered to be fixed input in short term?

Yang manakah di antara berikut bukan kategori input tetap dalam jangka pendek?

• Factory buildings

• Offices

• Raw material

• Efficient managers

Long run production refers to the time period in which

Pengeluaran jangka panjang merujuk kepada jangka masa di mana

• all inputs cannot be increased

• all inputs can be variable input

• there is at least one variable input

• there is at least one fixed input

Which of the following combinations is TRUE about reward that factors of production?

Which of the following is TRUE about the reward earned by factors of production?

• Labour - profit

• Land - output

• Capital - interest

• Entrepreneur - dividend

Long run refers to time period in which________________.

• all inputs cannot be increased.

• all inputs can be increased.

• there is at least one variable input.

• there is at least one fixed input.

Which are not factors of production?

• Land

• Labour

• Money

• Entrepreneur