Production function refers to the functional relationship between input and _______. (1) product (2) produce (3) output (4) service

1 Answer

Answer :

(3) output Explanation: The Production function expresses a functional relationship amidst quantities of raw materials and goods. It is the name given to the relationship between rates of input of productive services and the rate of output of product.

Related questions

Description : Production function refers to the functional relationship between input and ___. (1) product (2) produce (3) output (4) service

Last Answer : output

Description : Consumptions function refers to - (1) relationship between income and employment (2) relationship between savings and investment (3) relationship between input and output (4) relationship between income and consumption

Last Answer : (4) relationship between income and consumption Explanation: The Consumption function is a single mathematical function used to express consumer spending. It was developed by John Maynard Keynes and ... by current income and induced consumption that is influenced by the economy's income level.

Description :  Consumptions function refers to (1) relationship between income and employment (2) relationship between savings and investment (3) relationship between input and output (4) relationship between income and consumption

Last Answer : relationship between income and consumption

Description : Production function relates - (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

Last Answer : (4) Inputs to output Explanation: Production function specifies the output of a firm, an industry, or an entire economy for all combinations of inputs. The relationship of output to inputs is ... relates physical inputs to physical outputs, and prices and costs are not reflected in the function.

Description : Production function relates (1) Cost to output (2) Cost to input (3) Wages to profit (4) Inputs to output

Last Answer : Inputs to output

Description : Production function explains the relationship between - (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Last Answer : (1) initial inputs and ultimate output Explanation: Production function explains the relationship between factor input and output under given technology. It explains as to for increasing the ... . Production function explains the physical relationship between input and output under given technology.

Description : Production function expresses - (1) technological relationship between physical inputs and output (2) financial relationship between physical inputs and output (3) relationship between finance and technology (4) relationship between factors of production

Last Answer : (1) technological relationship between physical inputs and output Explanation: Production involves transformation of inputs into outputs. The output is a function of input. The functional relationship between ... be produced from any given quantities of various inputs during a given period of time.

Description : Production function explains the relationship between (1) initial inputs and ultimate output (2) inputs and ultimate consumption (3) output and consumption (4) output and exports

Last Answer : initial inputs and ultimate output

Description : Production function expresses (1) technological relationship between physical inputs and output (2) financial relationship between physical inputs and output (3) relationship between finance and technology (4) relationship between factors of production

Last Answer : technological relationship between physical inputs and output

Description : Factors of production in Input Output model is---- (a) one (b) two © three (d) four

Last Answer : (a) one

Description : In Input Output model only----product is produced (a) One (b) Two © Three (d) Four

Last Answer : (a) One (d) Four

Description : Which device can produce the final product of machine processing into a form usable by humans: a) Storage b) Input Device c) Output Device d) None of The Above

Last Answer : c) Output Device

Description : Leontief’s input output model is based on the concept of----- (a) Consumption function (b) Partial Equilibrium © General Equilibrium. (d) All of the above.

Last Answer : © General Equilibrium.

Description : The term modem is a composite word that refers to the two functional entities that make up the device: asignal _______ and a signal _______. A) modulator; demodulator B) demodulator; modulator C) modern;demo D) none of the above

Last Answer : modulator; demodulator

Description : Production refers to - (1) destruction of utility (2) creation of utilities (3) exchange value (4) use of a product

Last Answer : (2) creation of utilities Explanation: Production refers to "the creation of utility having value-in-exchange." The process of production may create six types of utilities: form utility, time utility, place utility, ownership utility, service utility and knowledge utility.

Description : Production refers to (1) destruction of utility (2) creation of utilities (3) exchange value (4) use of a product

Last Answer : creation of utilities

Description : The 'function generator' of the control circuit illustrated _______________. EL-0095 A. can be programmed to produce a non-linear output for a linear input depending on operating conditions B. is used for ... which or how many engines are needed for a required vessel speed D. all of the above

Last Answer : Answer: A

Description : Cross demand expresses the functional relationship between - (1) demand and prices of related commodities (2) demand and income (3) demand and prices (4) demand and supply (4)

Last Answer : (1) demand and prices of related commodities Explanation: Other things being constant, cross demand expresses the relation between demand for good A' due to change in the price of its related good 'B' ... that at different prices of good B' what different quantities of good A' will be demanded.

Description : The functional relationship between income and consumption expenditure is explained by - (1) Consumer' Surplus (2) Law of Demand (3) Law of Supply (4) Keynes's psychological law of consumption

Last Answer : (4) Keynes's psychological law of consumption Explanation: Keynes defined Psychological Law of Consumption in terms of, "The fundamental psychological law, upon which we are entitled to depend with great ... consumption as their income increases but not by as much as the increase in the income."

Description : The functional relationship between income and consumption expenditure is explained by (1) Consumer’ Surplus (2) Law of Demand (3) Law of Supply (4) Keynes’s psychological law of consumption

Last Answer :  Keynes’s psychological law of consumption

Description : Cross demand expresses the functional relationship between (1) demand and prices of related commodities. (2) demand and income. (3) demand and prices. (4) demand and supply,

Last Answer : demand and prices of related commodities.

Description : A supply function expresses the relationship between - (1) price and output (2) price and selling cost (3) price and demand (4) price and consumption

Last Answer : (1) price and output Explanation: The supply function expresses the relationship between the Lotal quantily supplied and the price received by all suppliers per unit of time, holding other factors constant. It illustrates the relation between price and supply.

Description : A supply function expresses the relationship between (1) price and output (2) price and selling cost (3) price and demand (4) price and consumption

Last Answer : price and output

Description : In short run, if a competitive firm incurs losses, it will - (1) stop production. (2) continue to produce as long as it can cover its variable costs. (3) raise price of its product. (4) go far advertising campaign.

Last Answer : (1) stop production. Explanation: In the short run, a firm that is operating at a loss (where the revenue is less that the total cost or the price is less than the unit cost) must ... will shutdown if the sale of the goods or services produced cannot even cover the variable costs of production.

Description : Comparative advantage occurs when (a) A country can produce more goods than anyone else (b) A country has a lower opportunity cost in the production of a good than any other country © A country has more product lines than other countries (d) The exchange rate appreciates.

Last Answer : (b) A country has a lower opportunity cost in the production of a good than any other country

Description : In short run, if a competitive firm incurs losses, it will (1) stop production. (2) continue to produce as long as it can cover its variable costs. (3) raise price of its product. (4) go far advertising campaign.

Last Answer : stop production.

Description : Production function is the relationship between - (1) Production and Profit (2) Production and Prices (3) Production and Production factors (4) Production and Income

Last Answer : (3) Production and Production factors Explanation: In economics, a production function relates physical output of a production process to physical inputs or factors of production. The primary purpose ... use of factor inputs in production and the resulting distribution of income to those factors.

Description : Production function is the relationship between (1) Production and Profit (2) Production and Prices (3) Production and Production factors (4) Production and Income

Last Answer : Production and Production factors

Description : The term ________ refers to data storage systems that make it possible for a computer or electronic device to store and retrieve data. A. input technology B. output technology C. storage technology D. None of the Above

Last Answer : C. storage technology

Description : Multimedia refers to: a) Input for Entertainment b) Software of pictures, sounds and videos c) Output which is made up of pictures, sounds and videos d) None of These

Last Answer : c) Output which is made up of pictures, sounds and videos

Description : When speaking of computer input and output, input refers to - 1) any data processing that occurs from new data input into the computer 2) data or information that has been entered into the computer 3) the transmission of data that has been input into the computer 4) Both (C) and (D) above.

Last Answer : 4) Both (C) and (D) above.

Description : When speaking of computer input and output, input refers to - 1 any data processing that occurs from new data input into the computer 2 data or information that has been entered into the computer 3 the transmission of data that has been input into the computer 4 Both (C) and (D) above.

Last Answer : 4 Both (C) and (D) above.

Description : Input – Output technique was invented by (a) Lewis (b) Hicks (c) Todaro (d) Leontief

Last Answer : (d) Leontief

Description : The isoquants in Input Output model is (a) convex to the origin (b) concave to the origin © l shaped. (d) straight line.

Last Answer : © l shaped.

Description : Hawkins Simon condition explains the----- condition in Input output model (a) Instability (b) Stability © Uniqueness (d) None of the above

Last Answer : (b) Stability

Description : Isoquants in Leontief’s input- output model are (a) Variable coefficient (b) Fixed coefficient © Sometimes fixed sometimes variable (d) None of the abov

Last Answer : (b) Fixed coefficient

Description : _____ refers to the combination of one or more inputs to produce a particular output a. Solution b. Variable c. Process d. None of the above

Last Answer : c. Process

Description : Which of the following best defines price discrimination? a. charging different prices on the basis of race b. charging different prices for goods with different costs of production c. charging ... a certain product of given quality and cost per unit at different prices to different buyers

Last Answer : d. selling a certain product of given quality and cost per unit at different prices to different buyers

Description : What do you call the translator which takes assembly language program as input & produce machine language code as output? A) Compiler B) Interpreter C) Debugger D) Assembler

Last Answer : Answer : D

Description : A two-input X-OR gate will produce a HIGH output when the inputs are at what logic levels?

Last Answer : . One or the other of the inputs must be HIGH, but not both at the same time.

Description : In the illustrated circuit, what is the phase relationship of the amplifier output compared to the input? EL-0022 A. 0° in-phase B. 180° out of phase C. phase angle of the input divided by power factor D. unable to determine without the value of the bias voltage

Last Answer : Answer: B

Description : Which of the following expresses the relationship of the input and output frequencies in a full wave rectifier? A. The output frequency is the same as input frequency. B. The output frequency is ... frequency is twice the input frequency. D. The output frequency is four times the input frequency.

Last Answer : Answer: C

Description : In the basic transistor amplifier discussed earlier, what is the relationship between the polarity of the input and output signals?

Last Answer : The signals are opposite in polarity or 180 degrees out of phase with each other.

Description : The input and output signals of a JFET amplifier have what phase relationship?

Last Answer : They are 180 degrees out of phase.

Description : What impedance relationship between the output of one circuit and the input of another circuit will provide the maximum power transfer?

Last Answer : Equal impedance.

Description : The computer needs additional components called _______ to accomplish its input, output and storage functions: a) mice b) specifications c) architecture d) peripheral e) None of these

Last Answer : d) peripheral

Description : BIOS stands for _______: a)Basic Integrated Output System b) Basic Integrated Operator System c) Basic Input Output Software d) Basic Input Output System e) None of The Above

Last Answer : d) Basic Input Output System

Description : Memory Unit is a part of _______: a) Input Device b) Control Unit c) Output Device d) Processing Unit e) None of The Above

Last Answer : b) Control Unit

Description : Non-inverting amplifier circuits have _______ (a) Very high input impedance (b) very low input impedance (c) low output impedance (d) none of above

Last Answer : (a) Very high input impedance

Description : Material price, mix, usage and revised quantity variances are measured on _______ basis, whereas material yield variance is measured on _______ basis. A. Output, Input B. Output, Output C. Input, Output D. None of the above

Last Answer : C. Input, Output