Match List - I with List - II : List – I List – II a Product line i Total number of items under each product/brand in the line b Depth of product ii Number of products/brands the line c Width of product mix iii Group of closely related products d Length of product line iv Number of product lines Choose the correct option from those given below:
(a) - (iii); (b) - (i); (c) - (iv); (d) - (ii)
A product line is a group of closely related products (a–iii). Depth counts the variants offered under each product or brand (b–i); product-mix width counts product lines (c–iv); and product-line length counts the products or brands within that line (d–ii).
Important Questions from Production Function - Teaching
Critical path indicates which one of the following?
Match the items of List - II with List - I ; and choose the correct code :
List - I
(Critical Control Standards)
List - II
(Critical Points
(a) Physical standards (i) Material cost per unit (b) Cost standards (ii) Labour hours per unit of output (c) Revenue standards (iii) Timing of production (d) Program standards (iv) Average sales per customer The relationship between rate of inputs of productive services and the rate of output is known as:
For the standard constant-returns Cobb–Douglas production function \(Q=AK^\alpha L^{1-\alpha}\), with \(A>0,\ K,L>0,\ 0<\alpha<1\), which statements are NOT properties?
A. Cobb‐Douglas production function is a homogeneous production function
B. Curves representing average and marginal productivity of inputs are not downward sloping
C. Marginal productivity of labour and capital in Cobb‐Douglas production function are functions of the capital‐labour ratio
D. Iso‐quants of Cobb‐Douglas production functions are positively sloped
Choose the correct answer from the options given below:
In the short‐run production function, which one of the following is CORRECT?
