Question
Read the given statements carefully and select the most appropriate option. (i) Production function depicts the technical relation between inputs and output once the technology is given. (ii) Increasing Returns to Scale: Under this law of production, output increases proportionately less than inputs.
Solution
The correct answer is A
More Accounts Questions
- A manufacturing company reports current assets of ₹8,50,000 and current liabilities of ₹3,40,000 as of 31 March 2025. The assets include ₹1,00,000 worth of...
- What is the charging section under CGST Act, 2017
- What is the limit amount for deduction in respect of Medical/Health Insurance Premium under Section 80D of the Income Tax Act, 1961?
- ICDS IV primarily deals with which aspect of financial reporting.
- Which of the following is NOT an operating objective of Inventory Management?
- Which of the following best defines a Shell Bank under RBI KYC directions?
- Advance amount received from customers is not considered as sale. It is based on which concept?
- Under the Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE), what is the guarantee cover tenure for working capital facilities?
- In which type of e-commerce system, companies that are involved in the supply chain, such as a manufacturer selling a product to a wholesaler, the wholesal...
- Which of the following is NOT a capital budgeting decision?
Relevant for Exams:
