PU COM 2026 Production Free Quiz 1

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PU COM 2026 Production Free Quiz 1

PU COM Quiz

10:00

Answered: 0 / 10

Remaining: 10

Navigator 10 Q

General

General 10 MCQs

1. What are the factors of production?

A. Land, labor, money, management B. Land, labor, capital, entrepreneurship C. Land, labor, machinery, organization D. Land, money, capital, entrepreneurship

2. What does a production function show?

A. Cost and revenue B. Demand and supply C. Inputs and outputs D. Price and quantity

3. What characterizes the short-run in production?

A. At least one factor is fixed B. All factors are variable C. No factors are variable D. All factors are fixed

4. What characterizes the long-run in production?

A. All factors are fixed B. At least one factor is fixed C. Only labor is variable D. All factors are variable

5. What does the law of variable proportions state?

A. Total output increases constantly B. Total output eventually increases at a decreasing rate C. Total output decreases D. Output remains constant

6. What are returns to scale?

A. When one input changes B. When inputs are fixed C. When all inputs are increased proportionately D. When outputs are increased

7. When do increasing returns to scale occur?

A. Output increases more than inputs B. Output increases less than inputs C. Output increases equally with inputs D. Output decreases

8. When do decreasing returns to scale occur?

A. Output increases more than inputs B. Output increases equally with inputs C. Output remains the same D. Output increases less than inputs

9. What is marginal product?

A. Total output B. Additional output from one more input C. Average output D. Cost of production

10. What is average product?

A. Total output B. Marginal output C. Total output per unit of input D. Output per cost

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