A production technique is essentially a
A) level of output.
B) given combination of inputs.
C) type of market structure.
D) form of public regulation.
E) length of time.

Question

Quizplus · Accepted Answer

A production technique is a given combination of inputs, such as labor, capital, and technology, used to produce a particular level of output. It may involve the use of different inputs in different quantities or proportions to achieve the desired level of output. Market structure, public regulation, and length of time are not related to production techniques.

A Production Technique Is Essentially a