The technical relationship between input combination and maximum attainable output is called

Assessment: JAMB UTME - Economics - 2005 Subject: Economics

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The technical relationship between input combination and maximum attainable output is called
Answer Details
The technical relationship between input combination and maximum attainable output is called a production function. It shows the maximum output that can be produced from any given combination of inputs, such as labor and capital. The production function is usually represented graphically by an isoquant, which is a curve that connects different combinations of inputs that produce the same level of output. By analyzing the production function, firms can determine the most efficient input combination to produce the desired level of output.
Read lesson note on The Theory Of Production (JAMB)
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