Question 15
The act of combining factor inputs in order to obtain specific output is known as
Objective
Question details
- Exam body
- UI
- Subject
- Economics
- Year
- 2013/2014
- Question no.
- #15
- Type
- Objective
More from this paper
- Q11If a firm doubles its output and its costs increase by 60%, the firm is…
- Q12In economics, production is complete when
- Q13In the study of economics, land, labour, capital and entrepreneur are referred…
- Q17The amount of labour a producer hires relative to other factor input depends on…
- Q18The concept of economic efficiency primarily refers to
- Q19The law of diminishing returns often operates in the ...........