MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Industrial Products and Characteristics of Industrial Products

Production fu...

Question

Production function is a relationship between:

A

Price and demand

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Production and cost

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Production and factors of production

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Supply and production

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Production and factors of production
Production function is the relationship between inputs and outputs. i.e., production and factors of production.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Production function explains the relationship between _________ and _______.

Q. Production function is only a technical relationship between physical inputs and physical output.

Q. When all the factors of production are varied, the relationship between input and output is known as?

Q. When a relationship between DMU of a product and its prices is decided than it helps in determining __________.

Q. Describe the inter relationship between productivity, gross primary productivity and net productivity.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Product and Pricing

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Industrial Products and Characteristics of Industrial Products

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon