Advertisements
Advertisements
प्रश्न
A production function measures the relation between
पर्याय
input prices and output prices
input prices and the quantity of output
the quantity of inputs and the quantity of output.
the quantity of inputs and input prices.
Advertisements
उत्तर
the quantity of inputs and the quantity of output.
APPEARS IN
संबंधित प्रश्न
Define production function.
Distinguish between short-run and long-run production functions.
Explain the concept of a production function.
Let the production function of a firm be `Q=5L^(1/2)K^(1/2)`.
Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.
Let the production function of a firm be Q = 2L2 K2.
Find out the maximum possible output that the firm can produce with 5 units of L and 2 units of K. What is the maximum possible output that the firm can produce with zero unit of L and 10 units of K?
Find out the maximum possible output for a firm with zero unit of L and 10 units of K when its production function is Q = 5L = 2K.
The functional relationship between “inputs” and “outputs” is called as
If average product is decreasing, then marginal product
Which statement best describes a production function?
What is the main feature of inputs in the short run?
If only labour can be changed and capital is kept fixed, the firm uses ______.
When all inputs are changed in the same proportion in production, it is known as ______.
Tjalling Koopmans is known for his work on ______.
Returns to scale is the main law studied in which production function?
