The functional relationship between inputs and outputs is called

Related MCQs

• Transformation of inputs into outputs is known as
• Increase in output less than proportional to increase in inputs is called:
• There is ------- relationship between price and quantity supplied
• Supply curve represents -------- relationship between quantity and price
• Supply curve represents -------- relationship between quantity and price.
• When a firm doubles its inputs and finds that its output has more than doubled, this is known as:
• The proportion between total income and total consumption is called:
• The proportion between incremental income and incremental consumption is called:
• The proportion between total income and total saving is called:
• Relation between price of a commodity and demand for another commodity is measured by: