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TOPIC :Paper4 Part I Questions for practice


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Q.1)In describing a given production technology, the short run is best described as lasting

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Correct

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(d) as long as at least one input is fixed is the correct answer.

In production theory, the short run is a period of time during which at least one input is fixed (such as capital equipment or the size of a factory), while the other inputs (such as labor or raw materials) can be varied. The duration of the short run is not defined by a specific time period like six months or five years, but rather by the fixity of inputs. The long run, in contrast, is a period of time in which all inputs can be varied.
In Hindi
उत्पादन विज्ञान में, छोटी अवधि उस समय अवधि को कहते हैं जब कम से कम एक चीज़ निश्चित होती है, जैसे कपड़ों बनाने के लिए कुछ मशीनें। लेकिन अन्य चीज़ें जैसे लोग या कपड़े वाली माल की मात्रा बदली जा सकती हैं। छोटी अवधि की अवधि समय सीमा के आधार पर नहीं होती है, बल्कि उसके आधार पर कि कौन सी चीज़ निश्चित है। लंबी अवधि में, सभी चीज़ें बदली जा सकती हैं।
ans: (d)



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