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Which function shows relationship between input and output?
- a)Consumption function
- b)Investment function
- c)Production function
- d)Cost function
Correct answer is option 'C'. Can you explain this answer?
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Which function shows relationship between input and output?a)Consumpti...
Relationship between input and output:
- Production function: The production function shows the relationship between the input factors of production (such as labor and capital) and the output of goods and services.
- Input factors: The production function takes into account the quantity and quality of inputs used in the production process.
- Output: The output is the quantity of goods or services produced as a result of utilizing the input factors in the production function.
- Efficiency: The production function helps determine the efficiency of converting inputs into outputs, which is crucial for businesses to optimize their production processes.
- Economic analysis: Economists use production functions to analyze the relationship between inputs and outputs in various industries and sectors of the economy.
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Which function shows relationship between input and output?a)Consumption functionb)Investment functionc)Production functiond)Cost functionCorrect answer is option 'C'. Can you explain this answer?
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Which function shows relationship between input and output?a)Consumption functionb)Investment functionc)Production functiond)Cost functionCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which function shows relationship between input and output?a)Consumption functionb)Investment functionc)Production functiond)Cost functionCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which function shows relationship between input and output?a)Consumption functionb)Investment functionc)Production functiond)Cost functionCorrect answer is option 'C'. Can you explain this answer?.
Which function shows relationship between input and output?a)Consumption functionb)Investment functionc)Production functiond)Cost functionCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which function shows relationship between input and output?a)Consumption functionb)Investment functionc)Production functiond)Cost functionCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which function shows relationship between input and output?a)Consumption functionb)Investment functionc)Production functiond)Cost functionCorrect answer is option 'C'. Can you explain this answer?.
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