The minimum quantities of various inputs that are required to yield a given quantity of output is termed as:

CA Foundation · Business Economics · PYQS · May 2025
The minimum quantities of various inputs that are required to yield a given quantity of output is termed as:
(A) A. Demand function
(B) B. Supply function
(C) C. Production function
(D) D. Investment function

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Production function

Topics: Theory of Production and Cost

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