TN STATEBOARD 11th ECONOMICS CHAPTER 3

TEST

PRODUCTION ANALYSIS CHAPTER TEST

 

TEST 3

PADVIKSHA BLOG

 

TOTAL MARKS: 25

TIMINGS: 1 HOUR 15 MINS

 

 

I Multiple Choice Questions (MCQ) (Mark- 5 x 1 = 5)

Write all questions

FILL IN THE BLANS

1. If a rise in price is anticipated in future, present supply ____________.

2. When input increases by 10% and Output increases by 10% _________.

3. AP = ? _____.

4. What is production minus consumption called? __________.

 

5. What is a combination of inputs which show same amount of cost called _______.

 

II Very short answer questions. (5x2=10)

Write 3 questions

1. Define labour?

2. What are the characteristics of capital? Any 2

3. Define Marginal Product of a factor?

4. What is average product?

5. What are Iso-quants?

 

III Short answer questions. (3 X 5 = 15)

Write 3 questions

 

1. Differentiate the short period and long period.

2. Define Iso – quant, and Iso – quants Assumptions?

3. State and explain the elasticity of supply.

4. What are the factors governing elasticity of supply?

5. What is an Iso-quant map?

 

IV. Long Answer question (2 x 5 = 10)

Write any 1 question.

 

1. Explain the law of supply with a diagram.

2. Elucidate the Laws of Returns to Scale.

 

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