Download App

MICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR1 Mark
Question
What are the fixed factors of production?
✓

Answer

Fixed factors of production are those factors of production, the application of which does not change with the change in output.

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 "1 Marks Question" from MICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR→MICROECONOMICS CH : 7 PRODUCTION FUNTION AND RETURNS TO A FACTOR — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What is the basic difference between short run production function and long run production function?
→
Name the different types of graphs of frequency distribution.
→
The Reserve Bank of India should reduce the rate of money supply.(Positive, Normative )
→
Give any one demerit of census survey.
→
State the meaning of classification.
→
What do you understand by 'line of equal distribution'?
→
Which bar diagram is known as simple bar diagram?
→
Give two examples of statements which are not statistics.
→
What do you understand by raw data?
→
Answer in one sentence the assumptions on which a demand curve is constructed.
→