Business Studies, asked by hibjitbarman5913, 1 year ago

A production function describes

a. how a firm maximizes profits

b. how a firm turns inputs into output

c. the minimal cost of producing a given level of output

d. the relationship between cost and output

Answers

Answered by Anonymous
0
B) how a firm turns inputs into output.
Answered by Anonymous
0
A production function describes b. how a firm turns inputs into output
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