Economics
JAMB 2015
The technical relationship between the physical inputs and the physical outputs of a firm is
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A.
Utility
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B.
Cost
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C.
Demand
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D.
Production function
Correct Answer: Option D
Explanation
production function shows the technical information about the combination of inputs necessary for the production of outputs. In equation we write the production function as q = f (L, K) where L and K represents the inputs of labour and capital respectively.
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