Production function expresses (1) technological relationship between physical inputs and output (2) financial relationship between physical inputs and output (3) relationship between finance and technology (4) relationship between factors of production

Production function expresses (1) technological relationship between physical inputs and output (2) financial relationship between physical inputs and output (3) relationship between finance and technology (4) relationship between factors of production
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Production function expresses - (1) technological relationship between physical inputs and output (2) financial relationship between physical inputs and output (3) relationship between finance and technology (4) relationship between factors of production

Description : Production function expresses - (1) technological relationship between physical inputs and output (2) financial relationship between physical inputs and output (3) relationship between finance and technology (4) relationship between factors of production

Last Answer : (1) technological relationship between physical inputs and output Explanation: Production involves transformation of inputs into outputs. The output is a function of input. The functional relationship between ... be produced from any given quantities of various inputs during a given period of time.

Production function explains the relationship between - (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Description : Production function explains the relationship between - (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Last Answer : (1) initial inputs and ultimate output Explanation: Production function explains the relationship between factor input and output under given technology. It explains as to for increasing the ... . Production function explains the physical relationship between input and output under given technology.

Production function explains the relationship between (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Description : Production function explains the relationship between (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Last Answer : initial inputs and ultimate output

A supply function expresses the relationship between - (1) price and output (2) price and selling cost (3) price and demand (4) price and consumption

Description : A supply function expresses the relationship between - (1) price and output (2) price and selling cost (3) price and demand (4) price and consumption

Last Answer : (1) price and output Explanation: The supply function expresses the relationship between the Lotal quantily supplied and the price received by all suppliers per unit of time, holding other factors constant. It illustrates the relation between price and supply.

A supply function expresses the relationship between (1) price and output (2) price and selling cost (3) price and demand (4) price and consumption

Description : A supply function expresses the relationship between (1) price and output (2) price and selling cost (3) price and demand (4) price and consumption

Last Answer : price and output

Production function relates - (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

Description : Production function relates - (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

Last Answer : (4) Inputs to output Explanation: Production function specifies the output of a firm, an industry, or an entire economy for all combinations of inputs. The relationship of output to inputs is ... relates physical inputs to physical outputs, and prices and costs are not reflected in the function.

Production function relates (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

Description : Production function relates (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

Last Answer : Inputs to output

Consumption function expresses the relationship between consumption and - (1) savings (2) income (3) investment (4) price

Description : Consumption function expresses the relationship between consumption and - (1) savings (2) income (3) investment (4) price

Last Answer : (2) income Explanation: The consumption function is a mathematical formula laid out by famed economist John Maynard Keynes. The formula was designed to show the relationship between real disposable ... being what Keynes considered the most important determinant of short-term demand in an economy.

Consumption function expresses the relationship between consumption and (1) savings (2) income (3) investment (4) price

Description : Consumption function expresses the relationship between consumption and (1) savings (2) income (3) investment (4) price

Last Answer : income

Production function refers to the functional relationship between input and _______. (1) product (2) produce (3) output (4) service

Description : Production function refers to the functional relationship between input and _______. (1) product (2) produce (3) output (4) service

Last Answer : (3) output Explanation: The Production function expresses a functional relationship amidst quantities of raw materials and goods. It is the name given to the relationship between rates of input of productive services and the rate of output of product.

Production function refers to the functional relationship between input and ___. (1) product (2) produce (3) output (4) service

Description : Production function refers to the functional relationship between input and ___. (1) product (2) produce (3) output (4) service

Last Answer : output

Cross demand expresses the functional relationship between - (1) demand and prices of related commodities (2) demand and income (3) demand and prices (4) demand and supply (4)

Description : Cross demand expresses the functional relationship between - (1) demand and prices of related commodities (2) demand and income (3) demand and prices (4) demand and supply (4)

Last Answer : (1) demand and prices of related commodities Explanation: Other things being constant, cross demand expresses the relation between demand for good A' due to change in the price of its related good 'B' ... that at different prices of good B' what different quantities of good A' will be demanded.

Cross demand expresses the functional relationship between (1) demand and prices of related commodities. (2) demand and income. (3) demand and prices. (4) demand and supply,

Description : Cross demand expresses the functional relationship between (1) demand and prices of related commodities. (2) demand and income. (3) demand and prices. (4) demand and supply,

Last Answer : demand and prices of related commodities.

Production function is the relationship between - (1) Production and Profit (2) Production and Prices (3) Production and Production factors (4) Production and Income

Description : Production function is the relationship between - (1) Production and Profit (2) Production and Prices (3) Production and Production factors (4) Production and Income

Last Answer : (3) Production and Production factors Explanation: In economics, a production function relates physical output of a production process to physical inputs or factors of production. The primary purpose ... use of factor inputs in production and the resulting distribution of income to those factors.

Production function is the relationship between (1) Production and Profit (2) Production and Prices (3) Production and Production factors (4) Production and Income

Description : Production function is the relationship between (1) Production and Profit (2) Production and Prices (3) Production and Production factors (4) Production and Income

Last Answer : Production and Production factors

Production Function relates to: (1) costs to outputs (2) costs to inputs (3) inputs to outputs (4) wage level to profits

Description : Production Function relates to: (1) costs to outputs (2) costs to inputs (3) inputs to outputs (4) wage level to profits

Last Answer : (3) inputs to outputs Explanation: In microeconomics and macroeconomics, a production function is a function that specifies the out-put of a firm, an industry, or an entire economy for all ... in the use of factor inputs in production and the resulting distribution of income to those factors.

Which of the following expresses the relationship of the input and output frequencies in a full wave rectifier? A. The output frequency is the same as input frequency. B. The output frequency is one-half the input frequency. C. The output frequency is twice the input frequency. D. The output frequency is four times the input frequency.

Description : Which of the following expresses the relationship of the input and output frequencies in a full wave rectifier? A. The output frequency is the same as input frequency. B. The output frequency is ... frequency is twice the input frequency. D. The output frequency is four times the input frequency.

Last Answer : Answer: C

Any point beyond PPF curve can be attained by (a) Increasing supply of factor inputs ; (b) Technological innovation ; (c) Both ; (d) None

Description : Any point beyond PPF curve can be attained by (a) Increasing supply of factor inputs ; (b) Technological innovation ; (c) Both ; (d) None

Last Answer : ; (c) Both ;

If a change in all inputs leads to a proportionate change in output, it is case of - (1) Constant returns to scale (2) Diminishing returns to scale (3) Increasing returns to scale (4) Variable returns to scale

Description : If a change in all inputs leads to a proportionate change in output, it is case of - (1) Constant returns to scale (2) Diminishing returns to scale (3) Increasing returns to scale (4) Variable returns to scale

Last Answer : (1) Constant returns to scale Explanation: If output increases by that same proportional change as all inputs change then there are constant returns to scale (CRS). If output increases by less than ... by more than that proportional change in inputs, there are increasing returns to scale (IRS).

If a change in all inputs leads to a proportionate change in output, it is case of (1) Constant returns to scale (2) Diminishing returns to scale (3) Increasing returns to scale (4) Variable returns to scale

Description : If a change in all inputs leads to a proportionate change in output, it is case of (1) Constant returns to scale (2) Diminishing returns to scale (3) Increasing returns to scale (4) Variable returns to scale

Last Answer : Constant returns to scale

Which mathematical symbol set expresses a negated relationship? -Technology

Description : Which mathematical symbol set expresses a negated relationship? -Technology

Last Answer : Negated Relations symbols that express a negated relationship.

Consumption function expresses the relationship between consumption and?

Description : Consumption function expresses the relationship between consumption and?

Last Answer : Income

Factors of production in Input Output model is---- (a) one (b) two © three (d) four

Description : Factors of production in Input Output model is---- (a) one (b) two © three (d) four

Last Answer : (a) one

Gross National Product means - (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semifinished products (4) money value of inputs and outputs

Description : Gross National Product means - (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semifinished products (4) money value of inputs and outputs

Last Answer : (2) money values of the total national production for any given period Explanation: Gross national product (GNP) is the market/monetary value of all products and services produced in one year by labour and property supplied by the residents of a country.

Gross National Product means (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semi-finished products (4) money value of inputs and outputs

Description : Gross National Product means (1) gross value of finished goods (2) money values of the total national production for any given period (3) gross value of raw materials and semi-finished products (4) money value of inputs and outputs

Last Answer : money values of the total national production for any given period

The basic object of all production is to (1) satisfy human wants (2) provide employment (3) make profits (4) increase physical output

Description : The basic object of all production is to (1) satisfy human wants (2) provide employment (3) make profits (4) increase physical output

Last Answer : (1) satisfy human wants Explanation: According to Adam Smith, consumption is the sole end and purpose of all production. The goal of production is the satisfaction of human desire. All the processes, by which human labor creates goods and services, bring them to the ultimate consumer.

The basic object of all production is to (1) satisfy human wants (2) provide employment (3) make profits (4) increase physical output

Description : The basic object of all production is to (1) satisfy human wants (2) provide employment (3) make profits (4) increase physical output

Last Answer : satisfy human wants

A line represents the different combinations of two variable inputs used in the production of a given amount of output.

Description : A line represents the different combinations of two variable inputs used in the production of a given amount of output.

Last Answer : Ans. Isoquant

Correct objectives of energy audit a) Identifying the quality and cost of various energy inputs. b) Relating energy inputs and production output c) Highlighting wastage in major areas. d) All of the above.

Description : Correct objectives of energy audit a) Identifying the quality and cost of various energy inputs. b) Relating energy inputs and production output c) Highlighting wastage in major areas. d) All of the above.

Last Answer : All of the above

The central problem of how to produce is resolved by (a) Demand and supply of factor inputs ; (b) Demand and supply of goods; (c) Relative prices and availability of factors of production ; (d) Government intervention

Description : The central problem of how to produce is resolved by (a) Demand and supply of factor inputs ; (b) Demand and supply of goods; (c) Relative prices and availability of factors of production ; (d) Government intervention

Last Answer : (c) Relative prices and availability of factors of production

Which of the following is not one of the primary concerns in the Finance Department? a. Acquiring the capital needed for company activities. b. Establishing a dividend policy that maximizes the return to shareholders. c. Setting accounts payable and accounts receivable policies. d. Driving the financial structure of the firm, its relationship between debt and equity. e. Deciding promo and sales budget

Description : Which of the following is not one of the primary concerns in the Finance Department? a. Acquiring the capital needed for company activities. b. Establishing a dividend policy that maximizes the ... structure of the firm, its relationship between debt and equity. e. Deciding promo and sales budget

Last Answer : e. Deciding promo and sales budget

Consumptions function refers to - (1) relationship between income and employment (2) relationship between savings and investment (3) relationship between input and output (4) relationship between income and consumption

Description : Consumptions function refers to - (1) relationship between income and employment (2) relationship between savings and investment (3) relationship between input and output (4) relationship between income and consumption

Last Answer : (4) relationship between income and consumption Explanation: The Consumption function is a single mathematical function used to express consumer spending. It was developed by John Maynard Keynes and ... by current income and induced consumption that is influenced by the economy's income level.

Consumptions function refers to (1) relationship between income and employment (2) relationship between savings and investment (3) relationship between input and output (4) relationship between income and consumption

Description :  Consumptions function refers to (1) relationship between income and employment (2) relationship between savings and investment (3) relationship between input and output (4) relationship between income and consumption

Last Answer : relationship between income and consumption

What were the technological factors that facilitated the growth and development of press. -Technology

Description : What were the technological factors that facilitated the growth and development of press. -Technology

Last Answer : The main technologies that facilitated the development of large-scale printing and distribution of print material were the printing press, the telegraph and the railways. The industrial revolution and the ... the public sphere provided the impetus and the support for rapid developments in the press.

Which of the following is not true of changes in a firm's technological environment? A. New technology allows for new ways of communicating with a firm's customers. B. New technology always leads to benefits for firms. C. New technology can allow new goods and. services to be developed. D. New technology lowers the production learning curve.

Description : Which of the following is not true of changes in a firm's technological environment? A. New technology allows for new ways of communicating with a firm's customers. B. New technology always ... allow new goods and. services to be developed. D. New technology lowers the production learning curve.

Last Answer : New technology always leads to benefits for firms.

Which of the following is not a cause of low productivity in In-dian agriculture? (1) Co-operative farming (2) Inadequate inputs availability (3) Sub-division and fragmentation of land holdings (4) Poor finance and marketing facilities.

Description : Which of the following is not a cause of low productivity in In-dian agriculture? (1) Co-operative farming (2) Inadequate inputs availability (3) Sub-division and fragmentation of land holdings (4) Poor finance and marketing facilities.

Last Answer : (1) Co-operative farming Explanation: Productivity is actually a function of efficiency and effectiveness. These two are essential for a productive industry. The agricultural sector in India has ... of population on land is an important demographic factor responsible for low yield in agriculture.

A 4-input neuron has weights 1, 2, 3 and 4. The transfer function is linear with the constant of proportionality being equal to 2. The inputs are 4, 10, 5 and 20 respectively. The output will be: a) 238 b) 76 c) 119 d) 123

Description : A 4-input neuron has weights 1, 2, 3 and 4. The transfer function is linear with the constant of proportionality being equal to 2. The inputs are 4, 10, 5 and 20 respectively. The output will be: a) 238 b) 76 c) 119 d) 123

Last Answer : a) 238

Which of these is not a factor of cost function of a product (a) Market price of the product ; (b) Size of the plant ; (c) Output level ; (d) Prices of inputs

Description : Which of these is not a factor of cost function of a product (a) Market price of the product ; (b) Size of the plant ; (c) Output level ; (d) Prices of inputs

Last Answer : (a) Market price of the product ;

An artificial neurons receives n inputs x1, x2,...,xn with weights w1,w2,...,wn attached to the input links. The weighted sum ............... is computed to be passed on to a non-linear filter ϕ called activation function to release the output. (A) Σ wi (B) Σ xi (C) Σ wi + Σ xi (D) Σ wi . Σ xi

Description : An artificial neurons receives n inputs x1, x2,...,xn with weights w1,w2,...,wn attached to the input links. The weighted sum ............... is computed to be passed on to a non-linear filter ϕ called activation function to release the output. (A) Σ wi (B) Σ xi (C) Σ wi + Σ xi (D) Σ wi . Σ xi

Last Answer : (D) Σ wi . Σ xi

The Law of Demand expresses - (1) effect of change in price of a commodity on its demand (2) effect of change in demand of a commodity on its price (3) effect of change in demand of a commodity over the supply of its substitute (4) (4) None of the above

Description : The Law of Demand expresses - (1) effect of change in price of a commodity on its demand (2) effect of change in demand of a commodity on its price (3) effect of change in demand of a commodity over the supply of its substitute (4) (4) None of the above

Last Answer : (1) effect of change in price of a commodity on its demand Explanation: The law of demand states the inverse relation that comes to exist of between price in one hand and quantity demanded on ... quantity demanded. In other words, the higher the price of a product, the lower the quantity demanded.

The Law of Demand expresses (1) effect of change in price of a commodity on its demand (2) effect of change in demand of a commodity on its price (3) effect of change in demand of a commodity over the supply of its substitute (4) None of the above

Description : The Law of Demand expresses (1) effect of change in price of a commodity on its demand (2) effect of change in demand of a commodity on its price (3) effect of change in demand of a commodity over the supply of its substitute (4) None of the above

Last Answer : effect of change in price of a commodity on its demand

Consider a project with the following functional units : Number of user inputs = 50 Number of user outputs = 40 Number of user enquiries = 35 Number of user files = 06 Number of external interfaces = 04 Assuming all complexity adjustment factors and weighing factors as average, the function points for the project will be (A) 135 (B) 722 (C) 675 (D) 672

Description : Consider a project with the following functional units : Number of user inputs = 50 Number of user outputs = 40 Number of user enquiries = 35 Number of user files = 06 Number of external interfaces = 04 ... average, the function points for the project will be (A) 135 (B) 722 (C) 675 (D) 672

Last Answer : (D) 672

.In Heckscher Ohlin theory production function differ between commodities but are same between---- (a) countries. (b) factors © costs. (d) revenues.

Description : .In Heckscher Ohlin theory production function differ between commodities but are same between---- (a) countries. (b) factors © costs. (d) revenues.

Last Answer : (a) countries.

For a thermodynamic system undergoing a process, which of the following pairs best expresses the relationship similar to that expressed by the pressure volume plot? (A) Temperature - entropy (B) Temperature - pressure (C) Enthalpy - entropy

Description : For a thermodynamic system undergoing a process, which of the following pairs best expresses the relationship similar to that expressed by the pressure volume plot? (A) Temperature - entropy (B) Temperature - pressure (C) Enthalpy - entropy

Last Answer : (A) Temperature - entropy

What output device expresses coded characters as hard copy (paper documents)?

Description : What output device expresses coded characters as hard copy (paper documents)?

Last Answer : Printers.

Higher PPC curve indicates (a) More production of both the things with increase in technology or factor inputs supply; (b) More production of one at the expense of other; (c) More production of one items at the expense of other with increase in technology or factor input supply ; (d) Less than full employment situation

Description : Higher PPC curve indicates (a) More production of both the things with increase in technology or factor inputs supply; (b) More production of one at the expense of other; (c) More production of ... of other with increase in technology or factor input supply ; (d) Less than full employment situation

Last Answer : (a) More production of both the things with increase in technology or factor inputs supply; 

Total variable cost curve is explained by (a) Law of the diminishing marginal returns ; (b) The price of the variable inputs; (c) Production function ; (d) All the three

Description : Total variable cost curve is explained by (a) Law of the diminishing marginal returns ; (b) The price of the variable inputs; (c) Production function ; (d) All the three 

Last Answer : ; (d) All the three

Scarcity of capital , technological backwardness and unemployment are generally found in a. Developed countries b. Underdeveloped countries c. Both d. None of the above

Description : Scarcity of capital , technological backwardness and unemployment are generally found in a. Developed countries b. Underdeveloped countries c. Both d. None of the above

Last Answer : b. Underdeveloped countries Underdeveloped countries lag behind in various factors like availability of resources, technology etc.

The primary function of the Finance Commission in India is to - (1) Distribute revenue between the centre and the state. (2) Advise the president on financial matters (3) Advise the president on financial matters. (4) Allocate funds to various ministries of the Union and state Governments.

Description : The primary function of the Finance Commission in India is to - (1) Distribute revenue between the centre and the state. (2) Advise the president on financial matters (3) Advise the president on financial matters. (4) Allocate funds to various ministries of the Union and state Governments.

Last Answer : (3) Advise the president on financial matters. Explanation: The finance commission can only advise the president on financial matters such as distribution of the net proceeds of taxes between the Union and the states.

Epx = Percentage change in Qy / Percentage change in Px The above relationship is : A.Arc Cross Price Elasticity B.Cost Output C.Cost Profit D.Capital Budgeting

Description : Epx = Percentage change in Qy / Percentage change in Px The above relationship is : A.Arc Cross Price Elasticity B.Cost Output C.Cost Profit D.Capital Budgeting

Last Answer : A.Arc Cross Price Elasticity