Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:
A teacher was teaching economics in the class. She said: production is instantaneous. What does she mean by that?
Options:
No time elapses between the combination of the inputs and the production of the output.
Few seconds elapses between the combination of the inputs and the production of the output.
A lot of time elapses between the combination of the inputs and the production of the output.
None of above
Correct Answer:
No time elapses between the combination of the inputs and the production of the output.
Explanation:
Production is instantaneous means no time elapses between the combination of the inputs and the production of the output.