Related Questions

The unit cost in case of batch production is __________as compared to jobbing production.
A Same
B Low
C High
D None of these
ABC Ltd. is considering increasing the production level . What is the approximate marginal cost of increasing production form its July level of 40 units to 41 units?
A 160
B 150
C 130
D 110
If all the factors of productions are increased in a fixed proportion , volume of production increase proportion which is greater than the proportion of increase in the factors of production -this state can be described most appropriately by -
A Proportionate return to scale
B Disproportionate return of scale
C Increasing return to scale
D Law of scale
It all the factors of productions are increased in a fixed proportion, volume of production increase proportion which is greater than the proportion of increase in the factors of production this state can be described most appropriately by-
A Proportionate return to scale
B Disproportionate return of scale
C Increasing return to scale
D Law of scale
“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the:
A Law of diminishing return
B Law of supply
C Law of demand
D Law of supply and demand
Deciding where to locate new production facilities is an example of a manufacturing and production information system operating at the _______.
A Operational level
B Management level
C Knowledge level
D Strategic level
Given the risky nature of agricultural production, farmers are ' anxious to access to a range of potential source of finance ' even at high cost.
A anxious to have access to a range of potential sources of finance
B anxious to access a range of potential sources of fund
C anxious to access to a range of potential source of finance
D anxious have access to a range of potential source of finance
In a new production process, the number of units produced during the first week was 450. If the efficiency gradually increase so that 10 additional units can be produced each week, how many will be produced in the 10th week?
A 490
B 700
C 540
D 640
__ is not considered as a factor of production
A Land
B Labour
C Money
D Organization
Synonyms : Select the word that best expresses the quotation word in each sentence. Employers look for "agility" in workers in small part production plants.
A dexterity
B flexibility
C liveliness
D alertness

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