What relationship does a production function measure
A)inputs and quantity of output
B)inputs and revenue
C)inputs and costs
D)inputs and profit

Question

Quizplus · Accepted Answer

A production function measures the relationship between inputs (such as labor and capital) and the quantity of output that can be produced with those inputs. It does not directly measure revenue, costs or profit, although these may be influenced by the production function.

What Relationship Does a Production Function Measure