Tuesday, 11 October 2011

Re: ::: vuaskari.com ::: ECO401 MCQs discussion threads


Please Cheak this Mcqs

The textbook for your class was not produced in a perfectly competitive industry because:

       ► There are so few firms in the industry that market shares are not small, and firm's decisions have an impact on market price.

       ► Upper-division microeconomics texts are not all alike.

       ► It is not costless to enter or exit the textbook industry.

       ► All of the given options.

 

Increasing returns to scale in production means:

 

       ► More than twice as much of only one input is required to double output.

       ► Isoquants must be linear.

       ► More than 10% as much of all inputs are required to increase output 10%.

       ► Less than twice as much of all inputs are required to double output.


On Tue, Oct 11, 2011 at 10:24 PM, Admin Binish <greyferry@gmail.com> wrote:
option 1 is sure


isoquant. It shows the different combinations of the two inputs that can produce a given quantity of output 

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