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

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

Cost of production of the producer is given by: (1) sum of wages paid to labourers. (2) sum of wages and interest paid on capital. (3) sum of wages, interest, rent and supernormal profit. (4) sum of wages, interest, rent and normal profit.

Description : Cost of production of the producer is given by: (1) sum of wages paid to labourers. (2) sum of wages and interest paid on capital. (3) sum of wages, interest, rent and supernormal profit. (4) sum of wages, interest, rent and normal profit.

Last Answer : (4) sum of wages, interest, rent and normal profit. Explanation: The following elements are included in the cost of production: (1) Purchase of raw machinery, (2) Installation of plant and machinery ... also added, (k) The normal profit of the entrepreneur is also included In the cost of production.

Cost of production of the producer is given by: (1) sum of wages paid to labourers. (2) sum of wages and interest paid on capital. (3) sum of wages, interest, rent and supernormal profit. (4) sum of wages, interest, rent and normal profit.

Description : Cost of production of the producer is given by: (1) sum of wages paid to labourers. (2) sum of wages and interest paid on capital. (3) sum of wages, interest, rent and supernormal profit. (4) sum of wages, interest, rent and normal profit.

Last Answer : sum of wages, interest, rent and normal profit.

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 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 : initial inputs and ultimate output

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 : technological relationship between physical inputs and output

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

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

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

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

Diminishing returns occurs when a firm (a) uses too much of all inputs (b) uses more and more of one input while holding another inputs constant © does not utilize its inputs efficiently (d) cut down on the quantity of all inputs it uses

Description : Diminishing returns occurs when a firm (a) uses too much of all inputs (b) uses more and more of one input while holding another inputs constant © does not utilize its inputs efficiently (d) cut down on the quantity of all inputs it uses

Last Answer : b) uses more and more of one input while holding another inputs constant

One method of troubleshooting digital circuits in a console is to ___________. A. supply alternate logic levels at the input(s) and test for change of state conditions at the output B. ground all inputs and test for a logic '1' at the output C. open all inputs and test for a logic '0' at the output D. vary each input smoothly from 0-10 volts and test for similar variance at the output

Description : One method of troubleshooting digital circuits in a console is to ___________. A. supply alternate logic levels at the input(s) and test for change of state conditions at the output B. ground all ... output D. vary each input smoothly from 0-10 volts and test for similar variance at the output

Last Answer : Answer: A

A two-input X-OR gate will produce a HIGH output when the inputs are at what logic levels?

Description : A two-input X-OR gate will produce a HIGH output when the inputs are at what logic levels?

Last Answer : . One or the other of the inputs must be HIGH, but not both at the same time.

What is the output Boolean expression for an AND gate with A and B as inputs when the B input is inverted?

Description : What is the output Boolean expression for an AND gate with A and B as inputs when the B input is inverted?

Last Answer : AB

The output of two inputs OR gate is zero only when: (a) Both are one (b) Both are zero (c) Either input is 1 (d) None

Description : The output of two inputs OR gate is zero only when: (a) Both are one (b) Both are zero (c) Either input is 1 (d) None

Last Answer : (b) Both are zero

The output of a JK flipflop with asynchronous preset and clear inputs is ‘1’. The output can be changed to ‘0’ with one of the following conditions. (A) By applying J = 0, K = 0 and using a clock. (B) By applying J = 1, K = 0 and using the clock. (C) By applying J = 1, K = 1 and using the clock. (D) By applying a synchronous preset input.

Description : The output of a JK flipflop with asynchronous preset and clear inputs is 1'. The output can be changed to 0' with one of the following conditions. (A) By applying J = 0, K = 0 and using a clock. (B) ... (C) By applying J = 1, K = 1 and using the clock. (D) By applying a synchronous preset input.

Last Answer : Ans: C Preset state of JK Flip-Flop =1 With J=1 K=1 and the clock next state will be complement of the present state.

In a certain electronic circuit the output is positive if input 1 is positive and input 2 is zero. If both inputs are positive the output is zero. This is: w) an AND circuit x) a NOR circuit y) an OR circuit z) a high-pass filter

Description : In a certain electronic circuit the output is positive if input 1 is positive and input 2 is zero. If both inputs are positive the output is zero. This is: w) an AND circuit x) a NOR circuit y) an OR circuit z) a high-pass filter

Last Answer : ANSWER: Y -- AN OR CIRCUIT

List typical inputs and outputs for PLC (four input and any four output).

Description : List typical inputs and outputs for PLC (four input and any four output).

Last Answer : Typical PLC inputs  Push Button  Selector Switch  Proximity switch  FOOT switch, level switch  Analog input  Typical PLC outputs  Contactor Coil, solenoid, relay  Indicating Lamp  Buzzer  Alaram annunciator

The output of a 2-input NAND gate with high at both the inputs will be

Description : The output of a 2-input NAND gate with high at both the inputs will be • High • Low • High & low • None of the above.

Last Answer : The output of a 2-input NAND gate with high at both the inputs will be Low

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

Minimum payment to factor of production is called - (1) Quasi Rent (2) Rent (3) Wages (4) Transfer Payment

Description : Minimum payment to factor of production is called - (1) Quasi Rent (2) Rent (3) Wages (4) Transfer Payment

Last Answer : (4) Transfer Payment Explanation: In economics, factors of production are the inputs to the production process. There are three basic factors of production: land, labour, capital. The payment for use and ... to keep a factor of production in its present use. It is also known as opportunity cost.

Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Description : Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Last Answer : (2) organizes the process of production Explanation: In economics, factors of production are the inputs to the production process. Factors of production' may also refer specifically to the 'primary factors', ... the other factors of production, land, labor, and capital, in order to make a profit.

The main advantage of specialization results from (a) The economies of large scale production (b) The specializing country behaves like a monopoly © Smaller production runs resulting in lower unit costs. (d) High wages paid to foreign workers.

Description : The main advantage of specialization results from (a) The economies of large scale production (b) The specializing country behaves like a monopoly © Smaller production runs resulting in lower unit costs. (d) High wages paid to foreign workers.

Last Answer : (a) The economies of large scale production

Minimum payment to factor of production is called (1) Quasi Rent (2) Rent (3) Wages (4) Transfer Payment

Description : Minimum payment to factor of production is called (1) Quasi Rent (2) Rent (3) Wages (4) Transfer Payment

Last Answer : Transfer Payment

Enterpreneurial ability is a special kind of labour that (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Description : Enterpreneurial ability is a special kind of labour that (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Last Answer : organizes the process of production

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

Energy audit is the first step towards systematic effort for _____________. a) Realting energy inputs and production. C) Conversation of energy. b) Reducing the amount of energy input. D) None of the above. .

Description : Energy audit is the first step towards systematic effort for _____________. a) Realting energy inputs and production. C) Conversation of energy. b) Reducing the amount of energy input. D) None of the above. .

Last Answer : Conversation of energy

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; 

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 ;

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

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.

Leontief’s input output model is based on the concept of----- (a) Consumption function (b) Partial Equilibrium © General Equilibrium. (d) All of the above.

Description : Leontief’s input output model is based on the concept of----- (a) Consumption function (b) Partial Equilibrium © General Equilibrium. (d) All of the above.

Last Answer : © General Equilibrium.

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

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

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

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

A monopolist is able to maximise his profit when (a) his output is maximum (b) he charges higher prices (c) his average cost is minimum (d) his marginal cost is equal to marginal revenue

Description : A monopolist is able to maximise his profit when (a) his output is maximum (b) he charges higher prices (c) his average cost is minimum (d) his marginal cost is equal to marginal revenue

Last Answer : (d) his marginal cost is equal to marginal revenue

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

Equilibrium price means - (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximize profit

Description : Equilibrium price means - (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximize profit

Last Answer : (1) Price determined by demand and supply Explanation: Equilibrium price is a state in economy where the supply of goods matches demand. When a major index experiences a period of consolidation or sideways ... short, it is the market price at which the supply of an item equals the quantity demanded.

Under hill cost pricing, price is determined - (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revem (3) by adding normal profit to the marginal cost (4) by the total al cost of production

Description : Under hill cost pricing, price is determined - (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revem (3) by adding normal profit to the marginal cost (4) by the total al cost of production

Last Answer : (1) by adding a margin to the average cost Explanation: Full cost pricing is a practice where the price of a product is calculated by a firm on the basis of its direct costs per unit of output ... is known as 'full-cost' pricing. The price is equal to 'full' cost, including an acceptable profit.

Under full cost pricing, price is determined (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revenue (3) by adding normal profit to the marginal cost (4) by the total cost of production

Description : Under full cost pricing, price is determined (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revenue (3) by adding normal profit to the marginal cost (4) by the total cost of production 

Last Answer :  by adding a margin to the average cost

Equilibrium price means (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximise profit

Description : Equilibrium price means (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximise profit

Last Answer :  Price determined by demand and supply

Implicit cost refers to ……………… (a) Value of inputs owned by the firm and used in its own manufacturing process (b) Value of input or services purchased from outside and used in its own manufacturing process ; (c) Value of inputs owned by the firm and sold to others ; (d) Value of inputs or services for which no payments were made to outside

Description : Implicit cost refers to (a) Value of inputs owned by the firm and used in its own manufacturing process (b) Value of input or services purchased from outside and used in its own manufacturing ... and sold to others ; (d) Value of inputs or services for which no payments were made to outside 

Last Answer : (d) Value of inputs or services for which no payments were made to outside