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A production function describes how firms
A. combine capital, labor, and other inputs to create products.B. determine the profit-maximizing quantity of output.C. describe demand conditions in their markets.
B. describe demand conditions in their markets.
C. combine capital, labor, and other inputs to create products.
a. combine capital, labor, and other inputs to create products.
b. determine the profit-maximizing quantity of output.
c. describe demand conditions in their markets.
