Question 6
“The amount of at least one of the inputs used remain constant” is an assumption of
Long run production function
Short run production function
“The amount of at least one of the inputs used remain constant” is an assumption of
Long run production function
Short run production function
Correct answer
Short run production function
Question 6 of 13 in the IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 16 Oct 2022, in the September 2022 term (IIT M QUIZ 1 FOUNDATION DAD DIPLOMA QPD2 16 Oct 2022). It carries 1 mark.