Transformation of inputs into outputs is known as

Related MCQs

• The functional relationship between inputs and outputs is called
• When a firm doubles its inputs and finds that its output has more than doubled, this is known as:
• Increase in output less than proportional to increase in inputs is called:
• Name the economist who analyses the subject matter of economics into two branches: micro economic analysis and macro economic analysis.
• Firms owned by one individual is known as
• Firms owned by two or more individuals is known as
• Firms owned by stock holders are known as
• In Economics, 1930s is popularly known as the period of:
• Who is known as the father of Modern Economics?