Tamil Nadu Board of Secondary EducationHSC Arts Class 11th

# Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 3 - Production Analysis [Latest edition]

## Chapter 3: Production Analysis

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D
Model Questions - Part A [Pages 76 - 78]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 3 Production Analysis Model Questions - Part A [Pages 76 - 78]

#### Multiple Choice Questions

Model Questions - Part A | Q 1 | Page 76

The primary factors of production are:

• Labour and Organisation

• Labour and Capital

• Land and Capital

• Land and Labour

Model Questions - Part A | Q 2 | Page 76

The man-made physical goods used to produce other goods and services are referred to as.

• Land

• Labour

• Capital

• Organization

Model Questions - Part A | Q 3 | Page 76

Formula for calculating AP is

• ΔTP/N

• ΔTP/ΔN

• TP/MP

• TP/N

Model Questions - Part A | Q 4 | Page 76

Which factor is called the changing agent of the Society

• Labourer

• Land

• Organizer

• Capital

Model Questions - Part A | Q 5 | Page 76

Who said, that one of the key of an entrepreneur is “uncertainty bearing”.

• J.B.Clark

• Schumpeter

• Knight

Model Questions - Part A | Q 6 | Page 76

The functional relationship between “inputs” and “outputs” is called as

• Consumption Function

• Production Function

• Savings Function

• Investment Function

Model Questions - Part A | Q 7 | Page 76

In a firm, 5 units of factors produce 24units of the product. When the number of factor increases by one, the production increases to 30 units. Calculate the Average Product.

• 30

• 6

• 5

• 24

Model Questions - Part A | Q 8 | Page 76

The short-run production is studied through

• The Laws of Returns to Scale

• The Law of Variable Proportions

• Iso-quants

• Law of Demand

Model Questions - Part A | Q 9 | Page 76

The long-run production function is explained by

• Law of Demand

• Law of Supply

• Returns to Scale

• Law of Variable Proportions

Model Questions - Part A | Q 10 | Page 77

An Iso-quant curve is also known as

• Inelastic Supply Curve

• Inelastic Demand Curve

• Equi-marginal Utility

• Equal Product Curve

Model Questions - Part A | Q 11 | Page 77

Mention the economies reaped from inside the firm

• financial

• technical

• managerial

• all of the above

Model Questions - Part A | Q 12 | Page 77

Cobb-Douglas production function assumes

• Increasing returns to scale

• Diminishing returns to scale

• Constant returns to scale

• All of the above

Model Questions - Part A | Q 13 | Page 77

Name the returns to scale when the output increases by more than 5%, for a 5% increase in the inputs,

• Increasing returns to scale

• decreasing returns to scale

• Constant returns to scale

• All of the above

Model Questions - Part A | Q 14 | Page 77

Which of the following is not a characteristic of land?

• Its limited supply

• It is mobile

• Heterogeneous

Model Questions - Part A | Q 15 | Page 77

Product obtained from additional factors of production is termed as

• Marginal product

• Total product

• Average product

• Annual product

Model Questions - Part A | Q 16 | Page 77

Modern economists have propounded the law of

• Increasing returns

• decreasing returns

• Constant returns

• variable proportions

Model Questions - Part A | Q 17 | Page 77

Producer’s equilibrium is achieved at the point where:

• Marginal rate of technical substitution(MRTS) is greater than the price ratio

• MRTS is lesser than the price ratio

• MRTS and price ratio are equal to each other

• The slopes of isoquant and isocost lines are different

Model Questions - Part A | Q 18 | Page 77

If average product is decreasing, then marginal product

• must be greater than average product

• must be less than average product

• must be increasing

• both a and c

Model Questions - Part A | Q 19 | Page 77

The relationship between the price of a commodity and the supply of commodity is

• Negative

• Positive

• Zero

• Increase

Model Questions - Part A | Q 20 | Page 78

A production function measures the relation between

• input prices and output prices

• input prices and the quantity of output

• the quantity of inputs and the quantity of output.

• the quantity of inputs and input prices.

Model Questions - Part B [Page 78]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 3 Production Analysis Model Questions - Part B [Page 78]

#### Answer the following questions in one or two sentences

Model Questions - Part B | Q 21 | Page 78

Classify the factors of production.

Model Questions - Part B | Q 22 | Page 78

Define Labour.

Model Questions - Part B | Q 23 | Page 78

State the production function.

Model Questions - Part B | Q 24 | Page 78

Define Marginal Product of a factor.

Model Questions - Part B | Q 25 | Page 78

What is Iso-cost line?

Model Questions - Part B | Q 26 | Page 78

What are the conditions for the producer’s equilibrium?

Model Questions - Part B | Q 27 | Page 78

What are the reasons for upward sloping supply curve?

Model Questions - Part C [Page 78]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 3 Production Analysis Model Questions - Part C [Page 78]

#### Answer the following questions in one paragraph

Model Questions - Part C | Q 28 | Page 78

What are the characteristics of land?

Model Questions - Part C | Q 29 | Page 78

What are the factors governing the elasticity of supply?

Model Questions - Part C | Q 30 | Page 78

What are the functions of Entrepreneur?

Model Questions - Part C | Q 31 | Page 78

State and explain the elasticity of supply.

Model Questions - Part C | Q 32 | Page 78

Bring out the Relationship among Total, Average and Marginal Products.

Model Questions - Part C | Q 33 | Page 78

Illustrate the concept of Producer’s Equilibrium.

Model Questions - Part C | Q 34 | Page 78

State the Cobb-Douglas Production Function.

Model Questions - Part D [Page 79]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 3 Production Analysis Model Questions - Part D [Page 79]

Model Questions - Part D | Q 35 | Page 79

Examine the Law of Variable Proportions with the help of a diagram.

Model Questions - Part D | Q 36 | Page 79

List out the properties of iso-quants with the help of diagrams.

Model Questions - Part D | Q 37 | Page 79

Elucidate the Laws of Returns to Scale. Illustrate.

Model Questions - Part D | Q 38 | Page 79

Explain the internal and external economies of scale.

## Chapter 3: Production Analysis

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D

## Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 3 - Production Analysis

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 3 (Production Analysis) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Tamil Nadu Board of Secondary Education Class 11th Economics Answers Guide solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Class 11th Economics Answers Guide chapter 3 Production Analysis are Production Analysis, Features of the Factors of Production, Production Function, Law of Variable Proportions, Laws of Returns to Scale, Economies of Scale, Diseconomies of Scale, Iso-quants, The Iso-cost Line, Producer's Equilibrium, Cobb-Douglas Production Function, Law of Supply.

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