Functional relationship between input and output known as

Related MCQs

• Law of demand shows the functional relationship between _______ and quantity demanded
• Law of demand shows the functional relationship between ………….and quantity demanded
• The relationship between demand for a commodity and price, ceteris paribus, is:
• The relationship between price and quantity demanded is
• …………….means relationship between demand and its various determinants expressed mathematically
• When a firm doubles its inputs and finds that its output has more than doubled, this is known as:
• Which of the following is not a variable input
• An input should be so allocated that the value added by the last unit is the same in all cases.
• Which of the following is not a variable input?
• In the long run all input become …………