The Law of analyses the production function with one factor as variable, keeping quantities of other factors fixed.

The Law of Variable Proportions analyses the with one factor as variable, keeping quantities of other factors fixed.

The Law of deals with input—output relationship, when the output is increased by varying the quantity of one input.

Which Law examines the production function keeping one factor variable?

The Law of Variable Proportions operates in —

In the , all factors of production cannot be increased or decreased simultaneously.

The Law of Variable Proportions is also called —

The Law of Variable Proportions deals with —

Which of the following is an assumption in the Law of Variable Proportions?

 If all factors are required to be used in fixed proportions, then the Law of Variable Proportions —

Under the Law of Returns to Scale, ................................................ is constant.

Law of Returns to Scale indicates the responsiveness of total product when all inputs

 Returns to Scale will be said to be in operation when quantity of —

The meaning of time element in economics is

 Change in Scale means that all Factors of Production are increased or decreased —

When there is an increase in all factors of production together in the same ratio, —(a) increases at first, (b) becomes constant thereafter, and (c) starts decreasing beyond a certain level.

In the initial stages, there will be increasing returns to scale, due to —

In the very beginning of production, generally the Increasing Returns to scale is found because—

 In a small scale rubber plant, factors of production like labour, material and capital are increased by 10% and output increases. It implies that the Firm is experiencing

 The above data is an example of:

 A decrease in government spending would cause 

Which of the following does not occur during an expansion? 

Which of the following best describes a typical business cycle?

During recession, the unemployment rate __________ and output________ 

The four phases of the business cycle are

Leading economic indicators 

When aggregate economic activity is declining, the economy is said to be in

Which of the following is an example of an Accounting Cost?

Expenditure incurred on Wages, Rent, Interest, etc. are included in—

Economic Cost equals —

        The firm in a perfectly competitive market is a price-taker. This designation as a price- taker is based on the assumption that -

Outlay Costs—

Opportunity Cost is —

            Suppose that the demand curve for the XYZ Co. slopes downward and to the right. We can conclude that

Opportunity Costs are used for purposes

Which of the following is not true with reference to Opportunity Cost?

Which of the following is/are true?

Selling outlay is an essential part of which of the following market situation

Under Monopolistic Competition, Price Elasticity of Demand is — 

Under Monopolistic Competition, the Firm's Demand Curve is —

Product Differentiation in a Monopolistic Competition could lead to —

Under Monopolistic Competition, a Firm can earn _______ in the long—run.

 Under Monopolistic Competition, in the long— run, a Firm 

In imperfect competition, which of the following curves generally lies below the demand curve and slopes downward?

In the long run, a perfectly competitive firm earns only normal profits because of:

. In a perfectly competitive market, the demand curve is ................. .

. If demand decreases and supply remains constant, equilibrium price will ................. .

 OPEC is an example of: 

Externalities may be:

. ........... are defined as economic activities that have positive effect on unrelated third party.