Production Functions Quiz

Non-technical relation between inputs and output

Quantitative relation between change in inputs and resulting change in output (correct)

Static relationship between inputs and output

Qualitative relation between inputs and output

Quality of inputs required and quantity of output produced

Quality of inputs required and quality of output produced

Quantity of inputs required and quantity of output produced (correct)

Quantity of inputs required and quality of output produced

Only technically efficient combinations of inputs (correct)

Combinations of inputs based on availability

All combinations of inputs, whether efficient or not

Only the most expensive combinations of inputs

<p>Quantitative relation between change in inputs and resulting change in output</p> Signup and view all the answers

<p>Output of a specified good</p> Signup and view all the answers