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Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
Variable proportions type production function exists:
  1. When with change in the level of output there is change in factor ratio.
  2. When it is possible to increase output by increasing the application of the variable factor.
  3. When scale of production changes with change in the level of output.
  4. Both (a) and (b).
✓

Answer

  1. Both (a) and (b).

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