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A production function is a relationship between inputs and

a. quantity of output.

b. revenue.

c. costs.

d. profit.

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Divya Singh
Divya SinghLv10
22 Mar 2021

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Related questions

A production function is a relationship between inputs and

a. revenue

b. costs

c. profit

d. quantity of output

 

For a firm, the production function represents the relationship between
A. quantity of inputs and total cost
B. quantity of inputs and quantity of output
C. quantity of output and total cost
D. implicit costs and explicit costs

A firm's production function is the relationship between:

A) the inputs employed by the firm and the resulting costs of production.
B) the factors of production and the resulting outputs of the production process.
C) the demand for a firm's output and the quantity it is able to produce with available resources.
D) the firm's production costs and the amount of revenue it receives from the sale of its output.

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