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    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 .

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