The technical relationship between the physical inputs an...
The technical relationship between the physical inputs and the physical outputs of a firm is
Utility
Cost
Demand
Production function
Correct answer is D
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.
The Power Holding Company of Nigeria (PHCN) is a _______ ...
Which of the following serves as a banker's bank? ...
Most of the National debts is "dead weight" in the sense that is___ ...
If petrol is no longer needed to produce energy, then demand for crude oil ...
A major obstacle to rapid agricultural development in Nigeria is the ...
The Malthusian theory of population predicts that growth in food production will ...
A fall in national output will necessitate ...
One of the advantages of international trade is that it ...
From the above, calculate the price elasticity of demand ...
Adam Smith's Theory of value stated that the value of a commodity depended on________ ...