Free MCQsLearn App Download - Factor Intensity Factor Abundance & Shape of Frontier Curve Quiz Questions and Answers PDF Download 76
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"The model that runs in short run in which capital and land inputs are fixed but labor acts as variable input in production is known as", factor intensity factor abundance and shape of frontier curve Multiple Choice Questions (MCQ) with choices hecksher-ohlin model, demand and supply model, specific-factor model, and leontief paradox to study online BBA courses. Learn factor endowments and hecksher-ohlin theory questions and answers with free online certification courses for online business university.
Quiz on Factor Intensity Factor Abundance & Shape of Frontier Curve PDF Download 76
MCQ: The model that runs in short run in which capital and land inputs are fixed but labor acts as variable input in production is known as
- demand and supply model
- hecksher-ohlin model
- specific-factor model
- Leontief paradox
C
MCQ: If economy gets affected by any un-related third party's consequences can be called an
- externality
- economies of scale
- incentive
- business cycle
A
MCQ: If the firm's varying costs are greater than the revenues it is getting but producing is the situation where a firm will
- get normal profit
- get abnormal profit
- loss
- shut down
D
MCQ: The type of situation when a firm charges a different price to different groups of consumers for an identical good or service, for reasons not associated with costs of supply is called as
- profit maximization
- price leadership
- price discrimination
- public ownership
C
MCQ: An expenditure that refers to the purchase of such goods which enhance overall production capacity in the domestic economy is known as
- saving function
- consumption function
- investment function
- money demand function
C