Question

cost Accounting full detailsDistinguish between renewable and non-renewable resources.

2- Why is supply of land inelastic

3- What is human capital .

4- What is point of inflection?

5- what is marginal product? At what point marginal product cuts average product

6- what is isoquant and iso cost line.







7- Define increasing returns to scale

8- What is least cost combination of factors

9- what are four factors of production

10 what are reasons behind marginal rate of technical substitution.

Q2- Explain in 150 words. Attempt any 4 (4*3=12)

1. 1. What are the general properties of isoquants

2. Discuss law of variable proportion? At which stage a rational producer will operate and why

3. What is Land in factors of production? Explain its features

4. What is return to scale? Explain in detail.

5. What is labour? Explain different characteristics of labour

Q3- Explain in 250 words. (10*


What is production function? Explain its importance in managerial economics.

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Answer 1

Answer:

f-o-l-l-o-w

k-a-r-d-o

y-a-r-o

Answer 2

Answer:

please make me brainlist