The percentage change in output caused by a given percentage change in a variable factor is:

Related MCQs

• if all factors of production are increased in a given proportion, output also increased in a same proportion:
• The proportionate change in quantity demanded and the proportionate change in price is:
• The ratio of the proportionate change in the quantity purchased of a good to the proportionate change in income:
• The proportionate change in quantity demanded by a good due to proportionate change in the price of the other good:
• The amount of a productive factor that is essential to produce a unit of product is called:
• If output is exhausted by the distributive shares of all factors:
• Consumption function is given C = 35 + .4 Yd , find MPC:
• Given the utility function U = 5x²+12x, find Marginal utility: