_____ measures the change in TP due to a one unit change in the quantity of labour used:

Related MCQs

• At a price of Rs11.00, quantity demanded is 90; and at a price of Rs.9.00, quantity demanded is 110. The price elasticity of demand is:
• ____ refers to the change in total cost (TC) due to the production of an additional unit of output.
• The first derivative measures the rate of change or ____ of a function:
• The slope coefficient ,β2, of ............ model measures elasticity of Y with respect to X.
• The value of Lagrange multiplier λ gives the approximate change in the objective function caused by a small change in the:
• In input-output analysis,____ shows the number of units of any industry’s output needed to produce one unit of another industry’s output.
• ______ function expresses the relationship between price of the good and quantity of the good demanded.
• ______ function expresses the relationship between price of the good and quantity of the good supplied.
• If the demand facing a monopolist is P = 100 − 10Q and marginal cost is constant at 20, then the profit maximizing price and quantity for this monopolist are:
• A profit-maximizing monopoly firm with a demand curve P = 50 − Q is a perfect pricediscriminator. If it has marginal costs of Rs. 10/unit and fixed costs of Rs. 30, it will produce _____ units of output and will make______ profit.