_______________________ specifies the relation between technology and the factor inputs to output.
A) Neoclassical growth theory
B) Meta-ideas
C) The LRAS curve
D) A production function

Question

Quizplus · Accepted Answer

A production function specifies the relation between various factor inputs such as labor, capital, and technology, and the resulting output. It is used to understand the relationship between inputs and outputs in the production process.

_______________________ Specifies the Relation Between Technology and the Factor Inputs