Question 1 :
Any expansion in output by a firm in the short period will always reduce the:

Question 4 :
If as a result of 40% increase in all inputs, the output increases by 25%, this is a case of ______________.

Question 5 :
What does the production process described below exhibit?<br/><table class="wysiwyg-table"><tbody><tr><td>Number of workers</td><td>Output</td></tr><tr><td>0</td><td>0</td></tr><tr><td>1</td><td>23</td></tr><tr><td>2</td><td>40</td></tr><tr><td>3</td><td>50</td></tr></tbody></table><br/>

Question 8 :
&#160;Write True or False with a reason.<br/>If a straight line upward sloping supply curve shoots from the X-axis,&#160;elasticity&#160;of supply $&gt;1$.

Question 9 :
In a situation of perfectly elastic supply, price of the commodity tends to remain constant, no matter demand increases or decreases.

Question 10 :
Where will the supply curve be horizontal and parallel to the x-axis?

Question 11 :
When elasticity of demand and elasticity of supply are equal, the burden of tax ____________.

Question 12 :
If supply of a commodity falls by $20$% due to decrease in price of the commodity by $10$%, then elasticity of supply will be _______.

Question 13 :
State whether the following statement is True or False:<br>Supply of perishable goods is inelasitc.

Question 14 :
&#160;Write True or False with a reason.<br/>When a firm is using some rigid technology, its ${E}_{s}$ tends to be high.

Question 15 :
Land is the only factor of production whose supply is _____.

Question 16 :
When with a minute change or without any change in price, supply may change to any extent, then the supply is _____________.

Question 18 :
The rate at which one product is transformed into another is called _____________.<br/>

Question 19 :
<table class="wysiwyg-table"><tbody><tr><td>Total Output (Units)</td><td>Total cost (Rs)</td><td>Average Cost (Rs)</td><td>Marginal cost (Rs)</td></tr><tr><td>1</td><td>10</td><td>10.00</td><td>10</td></tr><tr><td>2</td><td>19</td><td>9.50</td><td>?</td></tr><tr><td>3</td><td>?</td><td>?</td><td>8</td></tr><tr><td>4</td><td>35</td><td>?</td><td>?</td></tr><tr><td>5</td><td>44</td><td>?</td><td>9</td></tr><tr><td>6</td><td>?</td><td>9.00</td><td>?</td></tr><tr><td>7</td><td>65</td><td>9.30</td><td>11</td></tr><tr><td>8</td><td>77</td><td>?</td><td>?</td></tr></tbody></table>Average cost at $3^{rd}$ unit = ______.<br/>