Post Utme Delsu 2018 Commerce Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Delsu Commerce examination.

Post Utme Delsu 2018 Commerce Objective / Multiple Choice
Question 25 POST_UTME_DELSU • 2018 • COMMERCE • objective

A production function is a mathematical representation of the relationship between inputs and outputs in a production process. What is the main purpose of a production function?

Answer Options

A. To determine the optimal input mix
B. To calculate the total product
C. To measure the marginal product
Correct Answer D. To evaluate the efficiency of production
Correct Answer
D
Correct Option:
To evaluate the efficiency of production

About This Question

This is Post Utme Delsu 2018 Commerce Question 25. It is one of the objective questions from the 2018 Post Utme Delsu Commerce examination.

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