The quantitative relationship between inputs and outputs is called
A) consumer technology.
B) labor-intensive technology.
C) capital-intensive technology.
D) production technology.

Question

Quizplus · Accepted Answer

Production technology refers to the quantitative relationship between inputs (such as labor, materials, and capital) and outputs (goods or services produced). It encompasses the methods, processes, and techniques used to produce goods and services efficiently.

The Quantitative Relationship Between Inputs and Outputs Is Called