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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
MCQ
Production function means:
  • A
    Physical relationship between inputs used and output.
  • B
    Technical relationship between inputs used and output.
  • C
    Financial relationship between inputs used and output.
  • ✓
    Both physical and technical relationship between inputs used and output.
✓

Answer

Correct option: D.
Both physical and technical relationship between inputs used and output.

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