Economy, asked by muskanshaik6296, 8 months ago

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# Questions of 5 marks each :
1. Why is production function called a technological relation ?
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Answers

Answered by sareliyakrrish
0

Answer:

The maximum output as given by the production function can be obtained only when the technology is the most efficient. Since technological efficiency is assumed to prevail, the production function is called a technological relation.

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