CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

The cost function illustrates the relationship between output and ______

A. costs as input prices vary.
B. resource prices, other factors remaining constant.
C. costs, other factors affecting costs remaining constant.
Correct Answer: C

The cost function illustrates the relationship between the cost of production and the flow of output.

User Contributed Comments 3

User Comment
haarlemmer Ceteris Paribus means all else held constant.
rana1970 which language?
sunny Ceteris paribus is a Latin phrase, literally translated as "with other things [being] the same," and usually rendered in English as "all other things being equal."
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