Question

Question 21:
shows the
overall output generated at a given level
of input
Cost Function
Production Function
iso Cost
Marginal Rate of technical substition​

Answer 1

Answer:

production function

hope this helps.!!

Answer 2

Option b is the correct answer.

Production function shows the overall output generated at a given level of input.

Production function

1. The factors involved in production are called factors of production. They are also known as inputs.
2. These inputs are employed in various proportions such that each combination aims at maximising the output.
3. If we take capital and labour as two inputs then the production function (q) can be written as : q= f (k, l)