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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
पर्याय
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 Using outdated or inefficient technology can increase the cost of production because it may require more inputs or result in lower productivity.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.
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Identify the elasticity of supply (es) of S1, S2 and S3 supply curves:
Identify the degree of elasticity of supply from the following graph:
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Short run and long run period.
A 10 per cent increase in price of a good causes 5 per cent increase in its quantity supplied, elasticity of supply will be ______.
Elasticity of supply is measured by:
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:
Assertion (A): In case of perfectly inelastic supply, supply curve is a vertical straight line supply curve.
Reason (R): Supply does not change with change in price in case of Es = 0.
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Draw the supply curve showing price elasticity of supply greater than one.
Draw the supply curve showing price elasticity of supply less than one.
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When is supply of a good unitary elastic?
Draw a straight line supply curve of the following situation.
More than unitary elastic
