Question

Production function shows the relationship between inputs and output as ______.

विकल्प

• technological relation

• physical relation

• both technological relation and physical relation

• none of these

Answer 1

Production function shows the relationship between inputs and output as technological relation and physical relation.

Explanation:

A production function expresses a physical relationship between inputs and output, and it is technological because the output possible from given inputs depends on the available production technique.