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Question Practice

When inputs are perfectly variable, what happens to the production function?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Production And Costs
Question Bank

When inputs are perfectly vari...

Single Answer MCQ
Q-00103524

When inputs are perfectly variable, what happens to the production function?

1

It becomes linear

2

It becomes exponential

3

It shows diminishing returns

4

It has no defined shape

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Q1.

What does the production function describe?

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Q2.

If a production function exhibits constant returns to scale, which of the following is true?

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Q3.

Which production function exhibits increasing returns to scale?

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Q4.

What is the marginal product of labor (MPL)?

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