Home / MCQ Bank / Commerce
Commerce Economics Difficulty: Medium

Match the following. List-I (Production functions) List-II (Name of the shapes of returns to scale) a. Q = 10.2K 0.19 L 0.88 1. Constant returns to scale b. Q = 1.01L 0.75 K 0.25 2. Diminishing returns to scale c. Q = 0.84L 0.63 K 0.3 3. Increasing returns to scale

Select the correct option to test your answer:

More Commerce Questions

When consent to an agreement is caused by coercion, fraud or misrepresentation, the agreement is a contract . . . . . . . . whose consent was so caused. The threat of new entrants is high when it is: In which one of the following modes of entry into foreign market risk and profit potential are the highest? Economic Batch Quantity depends on . . . . . . . . and . . . . . . . . costs. Harmonic mean is calculated by dividing the number of observations by the reciprocal of each number in the series. Thus, the harmonic mean is: