A graph indicating different combination of inputs with different level of output is called

Related MCQs

• A graph indicating different combination of inputs with different level of output is called
• When a firm doubles its inputs and finds that its output has more than doubled, this is known as:
• …………a statement in the form of a table that shows the different quantities of a commodity that a firm or a producer offers for sale in the market at different prices.
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• A firm encountering economies of scale over some range of output will have a:
• If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be:
• Functional relationship between input and output known as
• ------------ is situation of severely falling prices and lowest level of economic activities
• ------------is situation of severely falling prices and lowest level of economic activities
• ……………… demand forecasting is prepared by different trade association in order to estimate the demand for particular industries products