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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
MCQ
A production function states that there exists a technical relationship between:
  • A
    Input prices and output prices.
  • B
    Input prices and quantity of output.
  • ✓
    The quantity of inputs and the quantity of output.
  • D
    The quantity of inputs and input prices.
✓

Answer

Correct option: C.
The quantity of inputs and the quantity of output.

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