MCQ
______ is a rectangular array of numbers systematically arranged in rows and columns within brackets.
- ✓Matrix
- B) Determinants
- CFunction
- DNone
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| a) | Laws of returns to scale | Short run | |
| b) | Laws of variable proportion | Long run | |
| c) | Mp | $\frac{\Delta AP }{\Delta N }$ | |
| d) | Q | f(N. L, K, T) |
| a) | Primary factor | 1) | Capital |
| b) | Production function | 2) | Land |
| c) | Active factor | 3) | Cobb-Douglas |
| d) | Passive factor | 4) | Labour |
| a) | $MRS \times Y$ | 1) | TU-(P xx Q) |
| b) | $e_p$ | 2) | $\frac{\Delta Y }{\Delta X }$ |
| c) | Consumer's surplus | 3) | $\frac{ MU _{ A }}{ P _{ A }}=\frac{ MU _{ O }}{ P _{ O }}$ |
| d) | K | 4) | $\frac{\Delta Q }{\Delta P } \times \frac{ P }{ Q }$ |