Which of the following is not an assumption of production function?
A. The firm uses its output at the maximum level of efficiency
B. The level of technology remains constant
C. The firm uses its maximum level of efficiency to increase the output
D. The firm uses its inputs at the maximum level of efficiency
Answer:C
Which of the following is not an assumption of production function?
A. The firm uses its output at the maximum level of efficiency B. The level of technology remains constant C. The firm uses its maximum level of efficiency to increase the output D. The firm uses its inputs at the maximum level of efficiency