1) Iso -cost line shows____

2) Following symbols are given________
K → capital, L → Labour, W → wage rate, R→ rate of interest, C → Cost of production. The slop of the iso – cost line is given by_____

3) Which of the following figure shows increasing returns to scale? 

4) Which of the following is not the reason for increasing returns to scale?

5) If all inputs are increased in the same proportion,then it is the case of_______

1. Short-run prodution fuction
2. Long-run prodution fuction
3. Laws of variable production.
4. Laws of returns to scale

6) If an increase in real income, ceteris paribus, causes of reduction in the demand for potatoes and a rise in the demand for meat then which of the followings is correct ?

7) A change in the relative price of the two goods with the level of statisfaction remaining is related to_____

8) In Cobb-Douglas production function Q=AL^a K^1-a the share of labour in total production is_____

9) When there is constant returns to scale,then the prodution fuction is decribed as_____

10) In Cobb-Douglas production function elasticity of factor substitution is equal to______