Download App

Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Average product is defined as:
  1. Total product divided by the total cost.
  2. Total product divided by the marginal product.
  3. Total product divided by the variable input.
  4. Marginal product divided by the variable input.
✓

Answer

  1. Total product divided by the variable input.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Production and cost→Production and cost — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Under which budget, governments estimated revenue is equal to government's estimated expenditure?
  1. Balanced budget.
  2. Constant budget.
  3. Deficit budget.
  4. Revenue budget.
→
There is a range when AC is falling and __________.
  1. MC is rising.
  2. TC is rising.
  3. AVC is constant.
  4. None of the above.
→
When TP is maximum, MP is:
  1. Falling.
  2. Negative.
  3. Zero.
  4. Maximum.
→
Which of the following pairs of goods is an example of substitutes?
  1. Tea and sugar.
  2. Tea and coffee.
  3. Pen and ink.
  4. Shirt and trousers.
→
If Marginal Rate of Substitution is constant throughout, the Indifference curve will be:
  1. Parallel to the x-axis.
  2. Downward sloping concave.
  3. Downward sloping convex.
  4. Downward sloping straight line.
→
Which article of the Constitution takes about the budget?
  1. Article 110
  2. Article 111
  3. Article 112
  4. Article 113
→
Which of the following could be the characteristic of an oligopoly market?
  1. A few firms.
  2. High barriers to entry.
  3. Price rigidity.
  4. All the above.
→
Theory of distribution studies the problem of:
  1. What goods to produce and how much to produce
  2. How to produce
  3. For whom to produce
  4. All of the above
→
In free market economy, the allocation of resources is determined by _____.
  1. Votes by consumers.
  2. A central planning authority.
  3. Consumer preference.
  4. The level of profits of firms.
→
Increase in the value of domestic currency by the government is called _______.
  1. depreciation.
  2. devaluation.
  3. revaluation.
  4. appreciation.
→