Q1. Define the term Production function?
Q2. Differentiate between equal product curve and indifference curve.
Q3. What do you mean by Iso-quant?
Q4. Describe the properties of Iso-quant?
Q5. Describe the laws of returns to scale?
Q6. Describe Cobb-Douglas production function and its relevant properties?
Q7. Describe the law of variable proportions with appropriate examples.
Q8. Write down a detail note on the different empirical productions?