Functional relationship between input and output is called
A) isoquants
B) isocost
C) input function
D) production function

Name: Functional relationship between input and output is called A) isoquants B) isocost C) input function D) production function
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Question

Quizplus · Accepted Answer

The functional relationship between input and output in the context of production is called the production function. It describes how different combinations of inputs (like labor, capital, materials) are transformed into outputs (goods or services).

Functional Relationship Between Input and Output Is Called