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