The relationship between inputs and outputs is known as
A) business.
B) manufacturing.
C) a production function.
D) marginal product.

Question

Quizplus · Accepted Answer

The relationship between inputs and outputs is described by a production function, which shows how much output can be produced from a given set of inputs. This concept is fundamental to understanding the economic principles of resource allocation and production efficiency. Choices A, B, and D do not fully capture this idea.

The Relationship Between Inputs and Outputs Is Known as