OWNER
536 Points
Posted on 16 January 2013
IN EXAM WHICH QUESTION WAS THERE ?
Production function shows the relation between
a) Physical inputs and physical output
b) Technical input and technical output
c) Market price and quantity supplied
d) None of these
OR
A production function is define as the relationship between
(a) The quantity of physical input and output of a firm (b) Stock of input and output
(c) price of input and output (d) Price and supply of firm