Question : If a change in all input leads to a proportionate change in output, it is a case of:
Option 1: constant returns to the scale
Option 2: diminishing returns to the scale
Option 3: increasing returns to the scale
Option 4: variable returns to the scale
Correct Answer: constant returns to the scale
Solution : The correct option is constant returns to the scale.
Returns to scale describe the long-term relationship between a rise in output and the corresponding increases in inputs. When adding more inputs causes an equivalent rise in output, it is called constant returns to scale (CRS). In other words, it is a case of constant returns to scale.
Application | Eligibility | Selection Process | Result | Cutoff | Admit Card | Preparation Tips
Question : If a firm is operating at a loss in the short period in perfect combination, it should:
Option 1: decrease the production and price
Option 2: increase the production and price
Option 3: continue to operate as long as it covers even the variable costs
Option 4: shut down and leave the industry
Question : If in the east it is Guhar Moti, in the north it is Siachen Glacier, in the south, it is:
Option 1: Kuttanad
Option 2: Kanyakumari
Option 3: Rameshwaram
Option 4: Indira Point
Question : What was the Rowlatt Act (1919) all about?
Option 1: It repressed political activities and allowed the detention of political prisoners without trial for two years
Option 2: It allowed peaceful processions to take place
Option 3: It was formulated to ban all mass protests
Option 4: It was against the non-cooperation movement
Question : Directions: If the 2nd of March 2022 was a Wednesday, what day of the week was it on the 2nd of March 2006?
Option 1: Friday
Option 2: Tuesday
Option 3: Thursday
Option 4: Monday
Question : Carrot is orange in colour because:
Option 1: It grows in the soil.
Option 2: It is not exposed to sunlight.
Option 3: It contains carotene.
Option 4: The entire plant is orange in colour.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile