Post Utme Redeemers University 2023 Commerce Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2023 Commerce Objective / Multiple Choice
Question 37 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • COMMERCE • objective

The concept of production function is used to describe the relationship between the inputs of a firm and its output. Which of the following is NOT a characteristic of a production function?

Answer Options

A. It is a mathematical representation of the relationship between inputs and output
B. It is a graphical representation of the relationship between inputs and output
Correct Answer C. It is a measure of the efficiency of a firm
D. It is a measure of the productivity of a firm
Correct Answer
C
Correct Option:
It is a measure of the efficiency of a firm

About This Question

This is Post Utme Redeemers University 2023 Commerce Question 37. It is one of the objective questions from the 2023 Post Utme Redeemers University Commerce examination.

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