The second-quarter index for output-based GDP at constant factor cost was 106 . 1 ( 1990100 ), up from 105 . 6 in the first quarter, and up from 103 . 2 in the second quarter of 1994.
32.
The fourth-quarter index for output-based GDP at constant factor cost was 106 . 9 ( 1990100 ), up from 106 . 5 in the third quarter, and up from 105 . 1 in the fourth quarter of 1994.
33.
GDP from Construction at factor cost ( at current prices ) increased to 1.745 billion ( 12.02 % of the total GDP ) in 2004-05 from 1, 162.38 billion ( 10.39 % of the total GDP ) in 2000-01.
34.
At the tangency the marginal rate of technical substitution between the factors ( the absolute value of the slope of the isoquant at the optimal point ) equals the relative factor costs ( the absolute value of the slope of the isocost curve ).
35.
Assuming that the factor costs are constant ( that is, that the firm is a perfect competitor in all input markets ), a firm experiencing constant returns will have constant long-run average costs, a firm experiencing decreasing returns will have increasing long-run average costs, and a firm experiencing increasing returns will have decreasing long-run average costs.
