If a worker specializes in the production of a single good, it is called:

Related MCQs

• Consumption of capital good in the process of production is called as:
• A firm produces 200 units of commodity X by employing 10 workers and 240 units of the same commodity by employing 12 workers. Then the Average Product of the worker is --------
• Which one of the following is an example of an economic good
• ----- is not an example of free good
• Income elasticity of demand for inferior good is:
• The term production refers to:
• Production is said to be efficient when:
• Production and consumption takes place simultaneously in the case of
• The choice of techniques of production is related to the problem of
• Production function expresses