Multiple Choice Questions on shows the functional relation between physical inputs and physical output of a good ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

shows the functional relation between physical inputs and physical output of a good ........

Economics (CUET) Theory of Production and Cost
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    ________shows the functional relation between physical inputs and physical output of a good. 

    Production function 

    Correct Answer

    Supply function
     

    Incorrect Answer

    Cost function
     

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    Option (1) is correct.
    Explanation: Production function shows the functional relationship between inputs and physical output of a good. Output=f(Land, Labour)

     

    By: Parvesh Mehta
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