Question

Which of the following statements best describes a production function?

Answer 1

Answer:

I couldn't see the statement

Answer 2

Answer:

Terms in this set (21)

2) Which of the following statements best describes a production function?

A) the maximum profit generated from given levels of inputs

B) the maximum level of output generated from given levels of inputs

C) all levels of output that can be generated from given levels of inputs

D) all levels of inputs that could produce a given level of output

B) the maximum level of output generated from given levels of inputs