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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Production function means:
  1. Physical relationship between inputs used and output.
  2. Technical relationship between inputs used and output.
  3. Financial relationship between inputs used and output.
  4. Both physical and technical relationship between inputs used and output.
✓

Answer

  1. Both physical and technical relationship between inputs used and output.

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