Which of the following statements describes the presence of diminishing returns. Holding at least one factor constant …....

Related MCQs

• The law of diminishing returns only applies in cases where:
• The law of diminishing marginal returns is encountered as increasing amounts of labour are hired because:
• Diminishing marginal returns are most compatible with:
• Which of the following statements describes increasing returns to scale:
• A fall in the price of the commodity holding everything else constant results in:
• According to the principle of diminishing marginal physical productivity, in the short run
• Which of the following statements best describes the general form of a production function: (i) It is a purely technological relationship between quantities of input and quantities of output. (ii) It represents the technology of an organisation, sector of an economy. (iii) Prices of inputs or of the output do not enter into the production function. (iv) It is a flow concept describing the transformation of inputs into output per unitof time.
• Which of the following statements has been drawn by inductive method?
• Which of the following statements is most closely associated with general equilibrium analysis?
• The factor earning of entrepreneur is: