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प्रश्न
Which of the following statements are true?
The cost of production will increase if
- The government gives subsidies
- The firm uses obsolete technology
- The price of diesel increases
विकल्प
only (i) and (ii)
only (ii) and (iii)
only (i) and (iii)
All (i), (ii) and (iii)
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उत्तर
only (ii) and (iii)
Explanation:
- The government gives subsidies: This statement is false. Subsidies typically reduce the cost of production because the government is providing financial assistance to the firm.
- The firm uses obsolete technology: This statement is true. Using outdated or inefficient technology can increase the cost of production because it may require more inputs or result in lower productivity.
- The price of diesel increases: This statement is true. An increase in the price of diesel would raise the cost of production, especially for firms that rely on transportation or machinery powered by diesel.
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संबंधित प्रश्न
Draw a perfectly inelastic supply curve.
Draw a perfectly elastic supply curve.
Identify the elasticity of supply for the following with proper reasoning:
Short run and long run period.
Identify the elasticity of supply for the following with proper reasoning:
Perishable and durable goods.
Choose the correct term for the given definition.
The ratio between the percentage change in supply to a percentage change in price.
If the price elsaticity of supply is 1 and the percentage change in price is 10, then the percentage change in quatity supplied should be ______.
When the percentage change in the quantity supplied of a commodity is exactly equal to the percentage change in its price it is known as ______.
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column:
| Column I | Column II |
| A. Perfectly Inelastic | (i) Es > 1 |
| B. Perfectly Elastic | (ii) Es < 1 |
| C. Inelastic | (iii) Es = 0 |
| D. Highly Elastic | (iv) Es = infinity |
Choose the correct alternative:
When is the supply of a commodity is called elastic?
Draw a straight line supply showing elasticity greater than one.
Price of a product increases by 2%. As a result, its supply rises by 4%. What is elasticity of supply of the commodity?
Draw and briefly explain a perfectly elastic supply curve.
Draw the supply curve showing price elasticity of supply equal to one.
Indicate the degree of elasticity on the supply curve given below:
What is meant by elasticity of supply?
If the price of a commodity falls by 10% and consequently, the quantity supplied decreases by 20%, what will be its elasticity of supply?
Why does the measure of pnce elasticity of supply of a good carry plus sign?
What do you mean by elastic supply?
When is supply of a good unitary elastic?
