Bachelor of Arts in Economics (BA Economics)

All of the following will cause the value of the marginal product of labor to increase,EXCEPT:

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Question:

All of the following will cause the value of the marginal product of labor to increase,EXCEPT:

A.

an increase in the price of the good sold by the firm

B.

a new production technology is developed and implemented by the firm

C.

an increase in the number of workers employed by the firm

D.

an increase in the quantity of other factors of production used by the firm

Answer» c. an increase in the number of workers employed by the firm

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Which of the following definitions is the definition of the MEAN

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Question:

Which of the following definitions is the definition of the MEAN

A.

the mean is the largest value

B.

the mean is the value that half of the entries are below and half of the entries are above

C.

the mean is the value that has the highest frequency

D.

the mean is the average calculated by adding up all the values and dividing by the number

Answer» d. the mean is the average calculated by adding up all the values and dividing by the number

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

In input-output analysis,____ is obtained by dividing the input of the desired sector by thetotal output of the same sector.

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Question:

In input-output analysis,____ is obtained by dividing the input of the desired sector by thetotal output of the same sector.

A.

the transaction matrix

B.

a technology coefficient

C.

non negativity constrains

D.

the

Answer» b. a technology coefficient

Note: The above multiple-choice question is for all general and Competitive Exams in India.