
1st yr quiz
Quiz
•
Arts
•
12th Grade
•
Practice Problem
•
Hard
Shilpa Kura
Used 2+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is called production
Conversion of raw material into final goods
Creation of new things
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Production function is given by
Alfred Marshall
Stigler
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is a fixed factor
Land
Capital
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which factor of production does not have mobility
Labour
Land
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Law of variable proportions is related to which period
Long run period
Short run period
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which factor of production is variable factor
Labour
Organisation
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In which law all factors of production become variable
Law of variable proportion
Law of returns to scale
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