
Production Function (Microeconomics, Class 11)
Authored by MasterG .Net
Social Studies
11th Grade
Used 31+ times

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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Which of the following statements accurately describe the relationship between AP and MP?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. When MP is zero, what can you say about TP?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Marginal Product refers to addition to total output when one more:
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. The period of time in which the plant capacity can be varied is known as:
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. _____________ is the extension of "Law of Diminishing Returns".
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. Law of Variable Proportions is also known as:
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. The maximum possible output for a firm with two units of labour (L) and ten units of capital (K), if its production function is given as: 5L + 2K
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