Multiple choice question

How many types of production function are there?

• 2

• 1

• 4

• 3

A functional relation between input and output is known as?

• Production schedule

• Production function

• Production curve

• Production frontier

Technology is assumed to be constant or varying in production function?

• constant

• varying

What is the relationship between input and output in a production function?

• Direct

• Inverse

• Exponential

• Quadratic

Creation of utility is known as?

• Marginal utility

• Total utility

• Production

• Average utility