Multiple Choice
The percentage change in output caused by a given percentage change in a variable factor is:
A) output elasticity
B) income elasticity
C) price elasticity
D) none
Correct Answer:

Verified
Correct Answer:
Verified
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Q3: Marginal rate of substitution between factors is
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Q5: The amount of a productive factor that
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Q8: The elasticity of substitution under cob- Douglas
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Q10: If <span class="ql-formula" data-value="\propto"><span class="katex"><span
Q11: If output is exhausted by the distributive