CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
213
You visited us 213 times! Enjoying our articles? Unlock Full Access!
Question

On which factor of the following the decision regarding "How much to produce" does not depend upon?

A
Population growth
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Level of production
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Size of market
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Availability of resources
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C Level of production

Amongthe given options decision regarding "How much to produce" does not depend upon level of production. How much to produce depends on demand, Population growth, Size of market, Availability of resources etc.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Rich Countries
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon