__________ represent the ratio in which

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

__________ represent the ratio in which the two inputs are combined to produce output.

Options:

Factor proportions

Factor variation

Factor combination

None of above

Correct Answer:

Factor proportions

Explanation:

Factor proportions represent the ratio in which the two inputs are combined to produce output.