A production function measures the relation between
A. Input prices and output prices
B. Input prices and the quantity of output
C. The number of inputs and the quantity of output.
D. The number of inputs and input prices.
Answer:C
A production function measures the relation between
A. Input prices and output prices B. Input prices and the quantity of output C. The number of inputs and the quantity of output. D. The number of inputs and input prices.