The relationship between input and output is .
THEORY PRODUCTION
Quiz
•
Social Studies
•
1st Grade
•
Hard
norhafizah (BG)
Used 5+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The relationship between input and output is .
A. cost function
B. supply function
C. demand function
D. production function
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Stage 2 shows the Law of return.
A. positive
B. negative
C. increasing
D. decreasing
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the short run, stage III of production begins from the point where .
A. marginal product equal zero
B. total product at minimum point
C. total product started to increase
D. average product at maximum point
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When average product reach maximum point, .
A. marginal product equal average product
B. marginal product more than total product
C. marginal product less than average product
D. marginal product more than average product
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factor is likely to be variable in the short run?
A. The size of the firm’s plant.
B. The location of the firm.
C. The number of workers.
D. The amount of machinery used.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Diminishing returns refers to the decrease in .
A. average product that results from increases in the variable input
B. total product that results from increases in the variable input
C. marginal product that results from increases in the variable input
D. total revenue that results from increases in the variable input
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Production refers to all activities involved in the production of goods and sevicec
TRUE
FALSE
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