The primary factors of production are:

(a)

Labour and Organisation

(b)

Labour and Capital

(c)

Land and Capital

(d)

Land and Labour

The short-run production is studied through

(a)

The Law of Returns to scale

(b)

The Law of Variable Proportions

(c)

Iso - quants

(d)

Law of Demand

Mention the economies reaped from inside the firm

(a)

financial

(b)

technical

(c)

managerial

(d)

all of the above

Modern economists have propounded the law of

(a)

Increasing returns

(b)

Decreasing returns

(c)

Constant returns

(d)

Variable proportions

_____________ is a free gift of nature.

(a)

Land

(b)

Organisation

(c)

Capital

(d)

All of these

Classify the factors of production.

State the production function.

What is Iso-cost line?

What are the conditions for producer’s equilibrium?

Who is an 'Organizer'?

What do you mean by law of supply?

Explain - "Scale of Production"?

What are the characteristics of land?

What are the functions of Entrepreneur?

Illustrate the concept of producer's Equilibrium.

State the Cobb-Douglas production function.

Distinguish between Total Product (TP) and Average Product (AP).

What are the factors determining supply?

Describe law of variable proportions?

List out the properties of iso-quants with the help of diagrams.

Explain the internal and external economies of scale.