Advertisements
Advertisements
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)
Advertisements
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 Using outdated or inefficient technology can increase the cost of production because it may require more inputs or result in lower productivity.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.
APPEARS IN
संबंधित प्रश्न
Draw a well-labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
Identify the value of elasticity of supply for the supply curve OS and S1S2.
Identify the elasticity of supply for the following with proper reasoning:
Perishable and durable goods.
When price of a·product rises by 10% its quantity supplied also rises by 10%. Find out price elasticity.
When an entrepreneur introduces a new technique or a new product, it is called ______.
Pick the option which does not belong to the group.
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.
The coefficient of elasticity of a commodity is 0.4. What percentage change in supply will take place if its price rises 20%?
With the help of a formula calculate the elasticity of supply from the following table:
| Price | Quantity supplied |
| 10 | 200 |
| 15 | 225 |
Price elasticity of supply is likely to be ______ in the long run.
Explain any four determinants of elasticity of supply.
Draw and explain the following degree of elasticity of supply.
Ep > 1
Using graphs, explain any four types of 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?
Price elasticity of supply of a good is 0.8. Is the supply 'elastic' or 'inelastic', and why?
Draw relatively inelastic supply.
