Post Utme Ui 2019 Commerce Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Ui Commerce examination.

Post Utme Ui 2019 Commerce Objective / Multiple Choice
Question 18 POST_UTME_UI • 2019 • COMMERCE • objective

A firm produces a product using a production process that involves several stages. Which of the following is an example of a production function?

Answer Options

A. A function that shows the relationship between inputs and outputs
B. A function that shows the relationship between prices and quantities
C. A function that shows the relationship between costs and revenues
Correct Answer D. A function that shows the relationship between inputs and outputs in a production process
Correct Answer
D
Correct Option:
A function that shows the relationship between inputs and outputs in a production process

About This Question

This is Post Utme Ui 2019 Commerce Question 18. It is one of the objective questions from the 2019 Post Utme Ui Commerce examination.

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