A production function shows the relationship between:
A)the quantity of inputs used in production and the quantity of output from production
B)gross domestic product and national income
C)workers as inputs and consumers as buyers
D)production and spending

Question

Quizplus · Accepted Answer

A production function represents the relationship between inputs used in production (such as labor, capital, and materials) and the output resulting from those inputs. It shows how changes in the quantity of inputs used affects the quantity of output produced.

A Production Function Shows the Relationship Between