The choice of techniques of production is related to the problem of

Related MCQs

• The problem of what to produce is a problem of:
• The economic problem arises since
• Economic problem arises in
• The problem of allocation of resources is concerned with:
• The distribution of national product among the members of the society is the problem of:
• The term production refers to:
• Production and consumption takes place simultaneously in the case of
• A rational producer will select his level of production in which stage of the law of variable proportions
• Returns to scale refers to the production function where
• According to the Classical economists, general over production is: