Question

Q2. The functional relationship between quantities of inputs and outputs is
(a) The Economies of scale.
(b) The law of return to scale.
(c) The production function.
(d) Marginal rate of technical substitution.

Answer 1

Answer:

(c) the production function...

Answer 2

Answer: is C

A production function relates the input of factors of production to the output of goods. In the basic production function inputs are typically capital and labor, though more expansive and complex production functions may include other variables such as land or natural resources.