if all factors of production are increased in a given proportion, output also increased in a same proportion:

Related MCQs

• If output is exhausted by the distributive shares of all factors:
• The percentage change in output caused by a given percentage change in a variable factor is:
• The ratio of the factors (K/L):
• Marginal rate of substitution between factors is equal to the ratio of :
• Cobb Douglas production function is an example of :
• Consumption function is given C = 35 + .4 Yd , find MPC:
• Given the utility function U = 5x²+12x, find Marginal utility: