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Economics Quiz

Economics quiz helps us to increase our knowledge

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Production function is:

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Which of the following is considered as production in economics?

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Long period production function is related to:

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The production function:

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Paul Douglas and Cobb studied the production function of the ________ manufacturing industries.

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The short run, as economists use the phrase, is characterized by:

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Long-run does not have:

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Which of the following is the best definition of “production function”?

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A fixed input is defined as ________.

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Which one of the following is the assumption underlying any production function?

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In the long run, if a very small factory were to expand its scale of operations, it is likely that it would initially experience ________

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________ shows the overall output generated at a given level of input:

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The production function is a rela-tionship between a given combination of inputs and:

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In describing a given production technology, the short run is best described as lasting:

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What is Production is Economics:

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Which of the following is considered production in Economics?

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Which of the following statements is true?

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A production function is defined as the relationship between ________.

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To economists, the main difference between the short run and the long run is that:

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In its original form, the Cobb- Douglas production function applies:

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Which function shows relationship between input and output?

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In the short run, the firm’s product curves show that ________

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What is a production function?

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