61.
Which of the following is not a characteristic of labour?
A
Its inseparable from laborer
B
It is immobile & passive
C
It is human efforts
D
It is rewarded with wages
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Which of the following is not a characteristic of labour?
Its inseparable from laborer
It is immobile & passive
It is human efforts
It is rewarded with wages
Which of the following is not considered production in Economics?
Tilling of soil by farmers
Singing a song before friends
Construction of Canal by laborers
Painting a picture for sale
Which of the following is the best formula of the production function?
Q = F (L,L,K,E)
Q = F (L,E)
Q = F (L,L,K,E) T
None of above
Which of the following is the method of measuring elasticity of demand when change in price of a commodity is substantial?
Arc method
Point method
Percentage method
None of these
Which of the following statements is false?
Statistics is derived from the Latin word status
statistics is derived from Italian word statista
statistics is derived from in French word statistik
none
Which one of the following is also known as Long run average cost curve?
Basket Curve
Wallet Curve
Envelope curve
None of above
With which of the following is the concept of marginal cost closely related?
Variable cost
Fixed cost
Opportunity cost
Economic cost