Managerial Economics-Production Function (CBSE-NET (UGC) Management (Paper-II & Paper-III)): Questions 1 - 2 of 2

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Question number: 1

» Managerial Economics » Production Function

Appeared in Year: 2014

MCQ▾

Question

Production function is not based on the assumption of the (June)

Choices

Choice (4) Response

a.

Market ability of products

b.

Complementarity of inputs

c.

Specificity of inputs

d.

Substitutability of inputs

Question number: 2

» Managerial Economics » Production Function

Appeared in Year: 2012

MCQ▾

Question

The term opportunity cost refer to (December)

Choices

Choice (4) Response

a.

Cost related to an optimum level of production

b.

The cost forgone in favour of production of another product

c.

Variable cost

d.

Short –run cost

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