Question : Production function explains the relationship between:
Option 1: initial inputs and ultimate output
Option 2: input and ultimate consumption
Option 3: output and consumption
Option 4: output and exports
Latest: SSC CGL 2024 final Result Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: initial inputs and ultimate output
Solution : The correct answer is initial inputs and ultimate output.
The link between inputs (such as labour, capital and raw materials) and the creation of goods and services is described by a production function. The production function illustrates the various ways that inputs can be combined to produce commodities and services.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : ________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.
Option 1: Marginal product
Option 2: Production function
Option 3: Total product
Option 4: Average product
Question : The production function shows the relationship between:
Option 1: Price and quantity demanded
Option 2: Price and quantity supplied
Option 3: Input and output
Option 4: Expenditure and income
Question : ____ is defined as the output per unit of variable input.
Question : What does BIOS stand for ?
Option 1: Basic Internal Output System
Option 2: Basic Intra Operating System
Option 3: Basic Internal Organ System
Option 4: Basic Input Output System
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile