Which terms refers to the relationship between the quantity of output created and the quantity of inputs needed to create it?
A) the capital accumulation function
B) technological knowledge
C) the production function
D) human capital

Question

Quizplus · Accepted Answer

The production function refers to the relationship between the quantity of output created and the quantity of inputs needed to create it, such as labor, capital, and technology. The other options are related concepts but do not specifically refer to this relationship.

Which Terms Refers to the Relationship Between the Quantity of Output