Functional relationship between input and output is called

Related MCQs

• The relationship between supply and price is
• The relationship between demand and price is
• The output of a firm, with given prices of factors of production is decided so that the total cost is
• The ratio of total cost to the quantity produced is called
• The highest power to which the derivative of highest order is raised in differential equation is called.
• Second stage in return to scale is called
• Slope of Total product Curve is called
• The points at which a curve is neither increasing not decreasing is called
• The ratio of capital to labour is called
• If marginal revenue is Rs.25/- and elasticity of demand w.r.t price is 2, then the average revenue is