Who describes production function as the relationship between the maximum amount of output that can be produced and the input required to make that…

CA Foundation · Business Economics · PYQS · January 2025
Who describes production function as the relationship between the maximum amount of output that can be produced and the input required to make that output?
(A) A. Cobb-Douglas
(B) B. Samuelson
(C) C. Paul Sweezy
(D) D. Alfred Marshall

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Samuelson

Topics: Theory of Production and Cost

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