📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Which can help a producer in determining how

    much of a product is required to be produced?
    A Factor-Product Relationship Correct Answer Incorrect Answer
    B Law of Increasing Returns Correct Answer Incorrect Answer
    C Factor-Factor Relationship Correct Answer Incorrect Answer
    D Law of Constant Returns Correct Answer Incorrect Answer

    Solution

    The objective of factor-product relationship is to determine the optimum quantity of the variable input that will be used in combination with fixed inputs in order to produce optimal level of output .

    Practice Next
    More Agri economics Questions

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call