EASY
CA Foundation
IMPORTANT
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Economies of scale exist because as a firm increases its size in the long run:

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Important Questions on Theory of Production and Cost

EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Meaning of Production>Q 1
What is Production in Economics ?
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Meaning of Production>Q 2
Which of the following is considered as production in economics?
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Meaning of Production>Q 3
Which of the following is considered production in Economics?
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Meaning of Production>Q 4
Which of the following statements is true?
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Meaning of Production>Q 5
In Economics, entire process of _____ is nothing but creation of utilities in the form of goods and services.
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Meaning of Production>Q 6
Production is defined as:
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Meaning of Production>Q 7
According to _____, Production is the organized activity of transforming resources into finished products in the form of goods and services, and the objective of production is to satisfy the demand of such transformed "resources".
EASY
CA Foundation
IMPORTANT
Business Economics & Business and Commercial Knowledge>Chapter 3 - Theory of Production and Cost>Meaning of Production>Q 8
_____ to exchange in the market is an essential component of production.