Question

1._____ shows the overall output generated at a given level
which of input:

a) Cost function
b) Production function
c) Iso cost
d) Marginal rate of technical substitution​

Answer 1

Answer:

production function

Explanation:

answer b. is correct answer

Answer 2

Concept:

Production means goods and services are produced in an economy by converting raw material into the finished goods.

Given:

It shows the overall output generated at a given level which of input.

To Find:

The overall output generated at a given level which of input.

Solution:

The production function shows the relationship between inputs and output. It means the more goods and services are produced with the use of inputs. The inputs are labor and capital that are used to produce goods and services into an economy.