Production Analysis Two Marks Question

11th Standard

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Economics

Time : 00:45:00 Hrs
Total Marks : 30
    15 x 2 = 30
  1. Define Labour.

  2. State the production function.

  3. Define Marginal Product of a factor.

  4. What do you mean by labour According to Karl Marx?

  5. Who is an 'Organizer'?

  6. What do you mean by law of supply?

  7. Draw the diagram for supply curve

  8. What is meant by division of labour?

  9. Define - "Capital".

  10. What is Financial Capital?

  11. Define Average product?

  12. What is meant by Land in Economics

  13. Define Capital in the words of Marshall

  14. State the Laws of returns to scale

  15. What does the term 'Internal Economies of scale' refer to ?

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