The relationship between the quantity of inputs and the quantity of outputs is called a:
A) cost function.
B) production function.
C) profit function.
D) resource function.

Question

Quizplus · Accepted Answer

The relationship between the quantity of inputs and the quantity of outputs is referred to as the production function. The production function is used to demonstrate the connection between an organization's production process and the inputs utilized (like labor, capital, and raw materials) to generate its outputs (like goods and services). Therefore, option B is the best choice as the answer.

The Relationship Between the Quantity of Inputs and the Quantity